September 6, 2016
Monsanto confirms updated proposal from Bayer
Monsanto confirmed it has been engaged in constructive negotiations with Bayer AG, during which it has received an updated non-binding proposal for a potential acquisition of Monsanto for US$127.50 per share in cash.
Monsanto is continuing these conversations as it evaluates this proposal, as well as proposals from other parties and other strategic alternatives to enable its Board of Directors to determine if a transaction in the best interests of its shareowners can be realised.
Monsanto has no further comment at the current moment, a press release stated. In addition, there is no assurance that any transaction will be entered into or consummated, or on what terms.
Morgan Stanley & Co. and Ducera Partners are acting as financial advisors, and Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Monsanto.