Monsanto (MON) To Reject Bayer (BAYN) $62 Billion All-Cash Deal, Ask For Higher Price

Monsanto Co., the world’s largest seed company, will reject Bayer AG’s $62 billion acquisition bid and seek a higher price, two people familiar with the matter said on Tuesday.

Monsanto can see the logic of combining with the German drugs and crop chemicals group, and believes a deal could get the necessary antitrust and other regulatory approvals, the people said, leaving the door open for further negotiations.