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#Business : Bayer ups bid for Monsanto to $125 a share

German-owned Bayer AG increased its offer to buy Monsanto Co. to $125 a share after the Creve Coeur-based company rejected Bayer’s first offer, the St. Louis Business Journal reported.


In May, Bayer offered $122 a share, or $63 billion in an all-cash offer. Monsanto rejected that offer, saying it was “incomplete and financially inadequate.” The new offer is worth about $65 billion, according to the Wall Street Journal.                                          

Hugh Grant, chairman and chief executive of Monsanto Co.

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