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Monsanto rejects Bayer bid, but open to more talks

LONDON, UK: Monsanto Company, the world's largest seed company, turned down Bayer AG's $62 billion acquisition bid as "incomplete and financially inadequate”, but said it was open to engage further in negotiations. Monsanto's decision puts pressure on Bayer to decide whether to raise its bid, even as the company faces criticism from some shareholders that its $122-per-share cash offer is already too high. Monsanto shares ended trading up 3.1 percent at $109.3 in New York, substantially b ...

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