Monsanto trumps Bayer as BASF joins takeover game
After the Leverkusen-based pharma giant increased its offer by two billion to $64 billion (€58 billion) in July, the US seed giant has now brought a new player into the race. As Bloomberg reported, Monsanto is negotiating with the Ludwigshafen chemical company BASF on a merger of the agrochemical divisions. Market experts however view the negotiation as a "poison pill" for Bayer in an attempt to make the purchase unattractive.