May 24 (Reuters) - Monsanto Co
* Monsanto views Bayer's current proposal as incomplete and financially inadequate; company open to discussing potential path forward that would create appropriate value for Monsanto shareowners
* Monsanto board of directors has not set a timeline for further discussions
* "Open to continued and constructive conversations" to assess if a transaction in "best interest of Monsanto shareowners can be achieved"
* "There is no assurance that any transaction will be entered into or consummated, or on what terms" Source text for Eikon: Further company coverage: