Bayer sweetens offer for hesitant Monsanto

July 14, 2016 5:24 PM

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Bayer sweetens offer for hesitant Monsanto

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 ...

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