Bayer sweetens Monsanto bid as talks enter final stretch

September 6, 2016 10:17 AM

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Bayer sweetens Monsanto bid as talks enter final stretch

FRANKFURT/NEW YORK German pharmaceutical and crop chemicals manufacturer Bayer AG says talks with Monsanto Co have advanced and it is now willing to offer more than $65 billion, a 2 percent increase on its previous offer for the world's largest seeds company.

"Both sides are gradually nearing consensus," one person familiar with the matter said.

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