Monsanto

(Monsanto)

Report: Monsanto Exploring Deals, Including BASF Agri Unit Buy

Mergers and Acquisitions Reuters

 Seed company Monsanto Co, which rejected Bayer AG's buyout offer in May, is exploring various transactions, including the acquisition of BASF's agriculture-solutions unit, Bloomberg reported.

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In return, BASF would likely receive newly issued shares in Monsanto, Bloomberg said, citing people familiar with the matter. (http://bloom.bg/29xEtJd)

The discussions are at an early stage, and no final decisions have been made, the report said, citing the people. Talks with Bayer are continuing, sources told Bloomberg.

Monsanto, BASF and Bayer could not be reached for comment outside regular business hours.

Monsanto's board is split over the merit of potential deals with rivals BASF and Bayer with some executives keen to remain independent and others preferring a takeover, Bloomberg reported, citing a source.

 

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(Reporting by Subrat Patnaik in Bengaluru; Editing by Maju Samuel)