Monsanto Co. (MON) Stock Price Surges After Report That Germany’s Bayer AG Exploring Bid For Seed Company
Shares of Monsanto Co. are surging Thursday after Bloomberg News reported Germany’s Bayer is exploring a bid for the U.S. seed company.
State-owned ChemChina’s proposed acquisition of Syngenta and a potential merger of Dow Chemical and DuPont has dramatically changed the agricultural landscape in a matter of months.
Valued at about $40 billion at the market close Wednesday, Monsanto made a bid for Syngenta last year.
Monsanto’s shares were up 9 percent at $98 while Bayer’s shares were down 4 percent.