Bayer makes a preliminary offer to buy Monsanto – Investing.com Spain

By Greg Roumeliotis and Mike Stone

(Reuters) – Monsanto (NYSE Co., the largest seed company in the world, said Wednesday it received an unsolicited acquisition proposal by the German manufacturer of chemicals and drugs Bayer AG (DE :), as part of a wave of consolidations in the sector driven by high inventories and low prices of raw materials .

Monsanto currently has a market capitalization of 42.000 billion dollars.

the company did not disclose the terms of the proposal, but an acquisition would probably exceed the value of an agreement reached in February by ChemChina to buy 43.000 million to the Swiss firm of agrochemicals and seeds Syngenta (SIX AG, which Monsanto tried to buy last year.

the board of directors of Monsanto is reviewing the proposal, which is subject to ‘due diligence’ approval regulatory and other conditions, the company said in a statement. There is no guarantee that a transaction will occur, he said.

The agreement ChemChina by Syngenta is currently under intense scrutiny from regulators in the United States. Any agreement between Bayer (MI and Monsanto could raise concerns in US antitrust regulators because of the overlap in the seed business, especially in soybeans, and canola, experts have said.

Bayer, based in Germany and has a market value of 90,000 million dollars, did not immediately respond to requests for comment.

in a sign of how surprising that was the proposal to Bayer for Monsanto, President and COO of last Brett Begemann, on Wednesday rejected speculation that the company was the target of an attempted purchase of Bayer or its German rival BASF (DE SE at an investor conference in New York .

Both Bayer and BASF have explored options partnership with Monsanto for several months, but concerns about its value have become elusive agreement, sources said previously Reuters familiar with the matter.

Disclaimer: Fusion Media would like to remind you That the data Contained in this website is not Necessarily Real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices May not be accurate and May Differ from the actual market price, meaning prices are indicative and not Appropriate for trading purposes. Fusion Media doesn`t bear THEREFORE any Responsibility for any trading losses you incur as a result Might of using esta data.

Fusion Media or anyone Involved With Fusion Media will not accept any liability for loss or as a result of damage reliance on the information Including data, quotes, charts and buy / sell signals Contained Within this website. Please be fully Informed Regarding the Risks Associated With costs and trading the financial markets, it is one of the riskiest investment forms possible.