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
PepsiCo has implemented a significant restructuring of its executive leadership team, with six promotions and three high-profile departures. The moves signal the company’s strategic prioritisation of emerging markets and operational consolidation across its global food divisions.
McEvoy succeeds current president and CEO, Don Thorp, who plans to retire following a 42-year tenure leading the business. Thorp has now begun an onboarding and handover process with McEvoy, who officially joined the company on 10 March 2025.
Taffet has spent the past nearly 18 years at PepsiCo, Inc., most recently as senior vice president of marketing. She also has spent time in brand marketing and management positions for PepsiCo’s Frito Lay, Lipton, Aquafina and SoBe brands. Prior to PepsiCo she was a marketing manager at American Express.
