The German pharmaceutical and chemical group Bayer fell today by more than 4% on the stock market by rumors that wants to buy the US company Monsanto .
shares Monsanto rose 17.7 percent to $ 106.30 in pre-market opening on Thursday operations. Chem China agreed in February to acquire Swiss Syngenta AG for 43 billion dollars after Dow Chemical Co. and DuPont signed in December an agreement to merge into a company valued at 130 billion dollars. However, closed the session up 8.39%.
The integration of both companies must submit, in any case, the competition authorities, which are proving very demanding.
Monsanto you have argued that need to buy or merge with a large manufacturer of agricultural chemicals because farmers increasingly seek stores offering seeds, pesticides and digital services such as sprays and crops guided by satellites.
Street Insider, citing sources, said Wednesday that BASF was considering a bid for Monsanto . Both Bayer and BASF have been studying together with Monsanto for several months, but concerns about the value of the US firm has made an agreement is elusive, told Reuters people with knowledge of the matter under condition of anonymity.
If Bayer is pushing ahead with an offer, increase the pressure on BASF to consider an offer too, Bloomberg said Thursday, citing sources involved.
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