Deals
Bayer Proposes Improved Monsanto Offer of $129 a Share
- German company said to double break fee to about $3 billion
- Monsanto, Bayer boards meet to discuss $56.5 billion offer
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Bayer AG is proposing an increased offer and break fee as it tries to clinch the acquisition of Monsanto Co. to create the world’s biggest maker of seeds and pesticides, according to people familiar with the matter.
Bayer is willing to raise its offer to about $129 a share, or $56.5 billion, from $127.50 a share, and double the antitrust break fee to about $3 billion, said the people, who asked not to be identified because the deliberations are private.