News Business News Monsanto Rejects Latest Bayer Offer Monsanto Co. has rejected Bayer Ag's latest takeover bid, saying its board views the $125-per-share offer as “financially inadequate and insufficient to ensure deal certainty.” By Agri-Pulse Communications Agri-Pulse Communications Agri-Pulse provides a balanced perspective on a wide variety of issues including the farm bill, nutrition, trade, food safety, environment, biotechnology, organic, conservation, and crop insurance. Their team of editors - the largest group covering this industry in Washington, D.C. - provides breaking news and analysis on the latest regulatory and legislative topics impacting the profitability of farmers, ranchers, agribusinesses, and the food industry. With a combined 200+ years of experienced agricultural coverage, the Agri-Pulse editorial team provides accurate, in-depth reporting on the issues that concern you the most. Successful Farming's Editorial Guidelines Published on July 19, 2016 Trending Videos Close this video player WASHINGTON, July 20, 2016 - Monsanto Co. has rejected Bayer Ag's latest takeover bid, saying its board views the $125-per-share offer as "financially inadequate and insufficient to ensure deal certainty." In a brief statement, the St. Louis-based company said it "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." Last week, Germany-based Bayer offered to pay $125 a share for Monsanto, up from $122 a share offered in May, a bid valued at $62 billion. Monsanto, the world's biggest producer of genetically modified seeds, also called that offer financially inadequate. Bayer also has proposed a $1.5 billion breakup fee if a merger doesn't work out. However, Bayer said last week it was "confident in its ability to obtain all necessary regulatory approvals in a timely manner given complementary geographic and product portfolios." Combining Monsanto with Bayer, which makes a wide variety of pesticides, would create an industrial and agricultural powerhouse with annual sales of $67 billion. Written by Agri-Pulse Communications Was this page helpful? Thanks for your feedback! Tell us why! Other Submit