A year after Monsanto Co sparked a massive consolidation race in the agrochemical industry by bidding for a rival, the world’s largest seed company now finds itself in the uncomfortable role of takeover target.
Monsanto shares rallied as much as 12 percent on Thursday on new reports that Bayer AG and BASF SE were interested in the St. Louis-based company, highlighting the drive for more marriages in the sector.
Source: Monsanto, once M&A instigator, now in awkward role as possible target | Reuters