Monsanto announced that its Board of Directors views Bayer’s revised proposal as financially inadequate and insufficient to ensure deal certainty. However, the company said it remains open to continued and constructive conversations with Bayer as well as with other parties to assess whether a transaction can be realized.

Morgan Stanley & Co. and Ducera Partners are acting as financial advisors, and Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Monsanto.

• Monsanto Company, St. Louis, USA
• Bayer AG, Leverkusen, Germany

• Bayer Increases Monsanto Offer,
  ChemistryViews.org 19 July 2016.
  Bayer increases Monsanto offer and provides certainty on financing and regulatory matters
• Bayer and Monsanto Acquisition Discussion,
  ChemistryViews.org 24 May 2016.
  Bayer offers to acquire Monsanto
• Bayer Negotiates Acquisition of Monsanto,
  ChemistryViews.org 19 May 2016.
  Monsanto confirmed that it has received an unsolicited, non-binding proposal from Bayer for a potential acquisition