Monsanto, the world's largest seed company,
turned down Bayer AG's $62 billion acquisition bid as "incomplete and
financially inadequate" on Tuesday, but said it was open to engage
further in negotiations.
Monsanto's decision, first reported earlier on
Tuesday by Reuters, puts pressure on Bayer to decide whether to raise
its bid, even as the company faces criticism from some shareholders that
its $122-per-share cash offer is already too high.
Click here for the full article.
Source: NBC News
No comments:
Post a Comment