Reuters: Monsanto to Decline Bayer Bid

May 24, 2016 10:01 AM

Monsanto intends to reject Bayer’s $62 billion offer, considering it too low, according to Reuters report published Tuesday morning.

Monsanto “has confidence in its standalone plan and believes shareholders deserve a better offer,” the Reuters story reported, than the $122 per share bid that Bayer revealed publicly Monday.

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