Monsanto turns down Bayer's $65 billion takeover offer

It is still possible that the two giants could merge.


Monsanto Co. on Tuesday rejected a roughly $65 billion takeover proposal from Bayer AG, saying the improved bid continued to undervalue the biotech seed giant.

Monsanto left the door open to further talks, however, and Bayer said it would continue to pursue the deal, despite objections from a major shareholder. 

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