German chemicals giant Bayer has made an unsolicited takeover offer for US seeds producer Monsanto. In a statement, Monsanto said it was reviewing the offer, but did not disclose the terms of the offer.
Bayer confirmed the bid, saying a combination would bolster its position as a "global innovation-driven life science company".
Shares in the German company dropped sharply, however, amid concern that a large purchase would affect its credit rating and force the company...
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