Monsanto Co. has given Bayer AG limited access to its books after turning down a sweetened $64 billion takeover offer last month, two sources familiar with the matter told Reuters.
The companies have not yet signed a nondisclosure agreement, which would allow Bayer to conduct due diligence, but Monsanto is providing Bayer with some information, the sources said.
They said Bayer had no appetite to put the deal at risk by going hostile, although talks were “difficult.”
Monsanto and Bayer declined to comment.
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