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MONSANTO SHARES UP ON SPECULATED ACQUISITION BY BASF
May 12, 2016
MarketWatch.com reports:
Monsanto Co. (MON) jumped 6.5% in premarket action on Thursday amid rumors German chemicals giant BASF SE is mulling a takeover of the St. Louis-based agriculture company.
Streetinsider.com said BASF is working with investments banks to advise on a potential takeover of the Roundup maker. A representative from BASF declined to comment and Monsanto wasn't immediately available to comment.
The takeover speculation comes after Bloomberg reported in March that Monsanto was looking to do possible deals with BASF and Bayer AG .
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