The CEO of Germany's Bayer AG is promising it won't use its planned acquisition of Monsanto Co. to force genetically modified crops on skeptical Europeans.
The move which would create the world's biggest supplier of seeds, pesticides and genetically modified crops.
Monsanto, the American maker of genetically modified crop seeds, says it’s open to further discussions.
The maker of genetically modified crop seeds said that its board viewed Bayer’s new takeover bid of $125 a share in cash, up from an initial $122 a share, as too cheap.
Bayer has made an unsolicited offer to acquire Monsanto and create the globe’s biggest supplier of farm chemicals and genetically modified seeds. ||| Berlin - Bayer made an unsolicited $62 billion all-cash offer to acquire Monsanto ...