Bayer, Monsanto reported to be edging towards deal

Recent bout of agricultural consolidation may give Bayer bid impetus

23rd August, 2016
Bayer chief executive said to be keen on Monsanto deal. Pic: Getty

Negotiations between Bayer and Monsanto are advancing toward a deal after the companies made progress on issues including the purchase price and termination fee, people familiar with the matter said.

Bayer chief executive Werner Baumann and his US counterpart Hugh Grant have had a series of constructive meetings in recent weeks, said the people. The companies,

in talks to create the world’s largest producer of seeds and pesticides, could reach an agreement in the next...

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