Reuters logo
in a year
BRIEF-Monsanto views Bayer's current proposal financially inadequate; says open to discussions
May 24, 2016 / 5:11 PM / in a year

BRIEF-Monsanto views Bayer's current proposal financially inadequate; says open to discussions

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:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below