Bayer Sweetens Offer For Hesitant Monsanto
July 17, 2016
German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co. as it tries to put the U.S. seed company under pressure to engage further.
Analysts and some Monsanto shareholders were quick to opine that Bayer’s latest offer, the largest all-cash takeover bid on record, was unlikely to entice Monsanto. Bayer, however, is hoping that the sweetened offer will spur enough Monsanto shareholders to call on the company’s management to be more accommodative.