Mar 29, 2016

Monsanto shows interest in Bayer CropScience

Monsanto has reportedly shown interest in the possible acquisition of Bayer CropScience.

Reuters reports that Monsanto executives recently held a meeting to discuss Bayer’s agricultural assets.

Here’s more from Reuters:

Among the possibilities discussed were an outright acquisition of the crop science unit and a joint venture or other type of partnership between the two companies, the sources said. These talks were preliminary, and another meeting between the two sides has been scheduled for April, the sources added.

Bayer has been holding the talks with Monsanto to probe its interest, the sources said.

The German company currently has no plans to actively pursue a sale of its crop science division, the sources added.

Monsanto and Bayer declined to comment, Reuters said.