HALISTER: Bayer, Covestro Fall After Monsanto Says Has Received Proposal

Bayer, Covestro Fall After Monsanto Says Has Received Proposal

(Bloomberg) -- Bayer falls as much as 7%, most since Aug. 24, on 37% of the avg. 3-mo. daily volume after Monsanto said it had received a non-binding proposal from Bayer.
  • Covestro falls as much as 3.6%, most since May 12, on 13% of the avg. 3-mo. daily volume
    • Bayer is the largest holder in Covestro with 69.1% as of a filing dates Feb. 5
  • NOTE: On April 26, Bayer CFO had said is evaluating all options for Covestro Stake Sale
RELATED:
  • May 12: Bayer Said to Explore Bid for $40b Seed Company Monsanto
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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BAYN GR (Bayer AG)
1COV GR (Covestro AG)
MON US (Monsanto Co)
SEED ZH (Seed Co)

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