Report: Bayer could mount hostile takeover of Monsanto

Bayer AG reportedly is considering making an unsolicited bid for St. Louis-based Monsanto Co., which last month rejected the German firm’s improved $125-a-share offer.

Bayer officials are preparing a plan to “turn directly to shareholders” to effect a merger, German business publication Handelsblatt reported Tuesday, citing sources close to management.

Bayer has already had two offers rejected by the Creve Coeur-based agriculture company, which called the most recent bid in July “financially inadequate.” Bayer’s most recent offer valued Monsanto at about $64 billion.

A hostile bid could see Bayer’s offer approach its upper limit, increasing its last bid by 5-10 percent.

Read more: St. Louis Business Journal

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