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Report: Monsanto will reject Bayer’s bid
According to a report by the Reuters news agency, Monsanto has decided to reject Bayer’s 62 billion dollar acquisition bid and will seek a higher price.
Reuters cites sources who say Monsanto officials believe shareholders deserve a better offer and are confident of their “standalone plan” if the deal fails to materialize.
Brownfield’s request for confirmation from Monsanto is pending.
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