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Bayer Sweetens Its Bid for Monsanto to $64 Billion

July 15, 2016

Via: Fortune
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German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto as it tries to put the U.S. seed company under pressure to engage further.

Analysts and some Monsanto MON 3.06% shareholders were quick to opine that Bayer’s latest offer, the largest all-cash takeover bid on record, was unlikely to entice Monsanto. Bayer BAYRY -0.29% , however, is hoping that the sweetened offer will spur enough Monsanto shareholders to call on the company’s management to be more accommodative.

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