Seed company Monsanto Co, which rejected Bayer AG’s buyout offer in May, is exploring various transactions, including the acquisition of BASF’s agriculture-solutions unit, Bloomberg reported.
In return, BASF would likely receive newly issued shares in Monsanto, Bloomberg said, citing people familiar with the matter.
The discussions are at an early stage, and no final decisions have been made, the report said, citing the people. Talks with Bayer are continuing, sources told Bloomberg.
Monsanto and BASF could not be reached for comment outside regular business hours.
A Bayer spokesman said the company did not comment on rumors or speculation.
Monsanto’s board is split over the merit of potential deals with rivals BASF and Bayer with some executives keen to remain independent and others preferring a takeover, Bloomberg reported, citing a source.
By Subrat Patnaik
Source: Reuters
A new technology that speeds up bacterial testing in food is showing promise to “revolutionize” the process of testing bacterial viability in food, according to Japan-based scientists who discovered the breakthrough in food safety. The technique can reportedly verify food safety before shipment from factories and prevent food poisoning.
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