Monsanto Co., the Creve Coeur-based seed maker, has explored possible deals with German companies BASF SE and Bayer AG, people familiar with the matter tell Bloomberg.
The report comes amid continued consolidation in the agribusiness sector and follows just more than a month after Monsanto lost out to ChemChina in a bid to acquire Swiss agrochemicals company Syngenta.
That deal came after a December announcement by Monsanto competitors DuPont a Dow Chemical that they would merge in a $130 billion deal.
Monsanto approached BASF about acquiring its crop-science business and forging partnerships, Bloomberg reports, but the companies did not reach any agreement.
Monsanto’s talks with Bayer focused on the firm buying two crop-science units from Bayer, including for cotton crops, according to Bloomberg’s sources. The discussions are ongoing, and their scope may be expanded to the purchase of Bayer’s entire crop-science business.
Representatives for Monsanto, Bayer and BASF declined to comment.
Read more: Bloomberg