CREVE COEUR , Mo., July 19 (UPI) -- Agri-chemical giant Monsanto rejected another merger offer from Bayer on Tuesday, signaling it is open to proposals from other companies.
After Bayer upped its offer from $62 to $65 billion, or $125 per share, Monsanto's board unanimously rejected it, calling it "financially inadequate," adding "Monsanto remains open to continued and constructive conversations with Bayer and other parties to assess whether a transaction that the Board believes is in the best interest of Monsanto shareowners can be realized."