German seed seller KWS Saat (KWSG.DE) has made an eleventh-hour bid for Bayer’s (BAYGn.DE) vegetable seed business, which Bayer is selling to BASF (BASFn.DE) to get approval of its planned purchase of Monsanto (MON.N). KWS, the world’s No.1 supplier of sugarbeet seeds, on Tuesday said its non-binding proposal was first made to Bayer on Jan. 26, but not disclosed to investors at the time. Frustration over Bayer’s rejection despite a “highly attractive price” led KWS to break cover on the bid, in the hope that antitrust regulators will regard it more favourably, KWS Chief Executive Hagen Duenbostel …read more
Source:: Yahoo Finance
