Monsanto Views Bayer’s Current Proposal as Incomplete and Financially Inadequate
Monsanto Company today announced that its Board of Directors unanimously views the Bayer AG proposal as incomplete and financially inadequate, but is open to continued and constructive conversations to assess whether a transaction in the best interest of Monsanto share owners can be achieved. “However, the current proposal significantly undervalues our company and also does not adequately address or provide reassurance for some of the potential financing and regulatory execution risks related to the acquisition.” “We believe in the substantial benefits an integrated strategy could provide to growers and broader society, and we have long respected Bayer’s…