Monsanto rejects Bayer's new offer, Bayer may go hostile

摘要

Monsanto on 10 June rejected a renewed takeover offer from Bayer at the same price, $122/share, as Bayer's initial approach, according to reports citing people familiar with the situation. Bayer, anxious not to overpay and stung by criticism from some shareholders that the first bid was too high, has repeated the first offer, which values Monsanto at $62 billion, in the hope of gaining access to Monsanto's books.