Bayer executives recently met with executives of Monsanto to privately discuss a negotiated acquisition of Monsanto Company.
This statement follows Monsanto’s announcement regarding a proposal from Bayer. A further statement will be made as appropriate.
In response to recent media reports, Monsanto disclosed that it has received an unsolicited, non-binding proposal from Bayer AG for a potential acquisition of Monsanto, subject to due diligence, regulatory approvals and other conditions. The Board of Directors of Monsanto is reviewing the proposal, in consultation with its financial and legal advisors. Monsanto will have no further comment until its Board of Directors has completed its review. There is no assurance that any transaction will be entered into or consummated, or on what terms.
This news confirms earlier rumors of a takeover bid.
For more information:
www.bayer.com
www.monsanto.com
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