Bayer Ups Monsanto Offer

Bayer Ups Monsanto Offer

Bayer AG says talks with Monsanto Co. have advanced, and it is now willing to offer more than $65 billion, a 2% increase on its previous offer for the world’s largest seeds company, according to reports from Reuters.


“Both sides are gradually nearing consensus,” one person familiar with the matter said.

Monsanto also has agreed to open its books for Bayer to conduct due diligence checks on the company’s business, two sources close to the matter said.