TAKEOVER DEAL, WHICH COULD BE VALUED AT $42 BILLION, WOULD CREATE WORLD’S LARGEST SEED-AND-PESTICIDE COMPANY
Details of the offer couldn’t be learned and it was unclear whether Monsanto would be receptive to it. Should there be a deal, it could be valued at more than $42 billion, which is Monsanto’s current market capitalization.
Monsanto in a statement confirmed the approach, reported earlier Wednesday by The Wall Street Journal, saying the company had received “an unsolicited, non-binding proposal” for a potential acquisition. Monsanto’s board of directors is reviewing the proposal, and the company said there was no assurance a deal would happen.