Monsanto

(Monsanto)

Report: Germany's Bayer Mulling Bid for Monsanto

Industries Reuters

Germany's Bayer is exploring a bid for U.S. seed company Monsanto, Bloomberg reported, citing people familiar with the matter.

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Monsanto lost out to ChemChina in its bid to buy seeds and pesticides firm Syngenta last year.

State-owned ChemChina's deal for Syngenta and a merger between DuPont and Dow Chemical has dramatically changed the agricultural landscape in a matter of months.

Monsanto share's were up 17.7 percent at $106.30 in premarket trading on Thursday.

Bayer has discussed how to finance a deal including potential asset sales, Bloomberg reported.

No final decision has been made and Bayer could decide against a bid or pursue other transactions with Monsanto, including joint ventures or asset sales, Bloomberg quoted the people as saying.

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Monsanto, which had a market value of about $40 billion as of Wednesday close, declined to comment.

Bayer also declined to comment. 

Street Insider, citing sources, reported late on Wednesday that Germany's BASF was considering a bid for Monsanto. 

(Reporting by Anet Josline Pinto in Bengaluru; Editing by Sriraj Kalluvila)