HALISTER: Monsanto Climbs 6.5% Pre-Market; StreetInsider Speculates on M&A

Monsanto Climbs 6.5% Pre-Market; StreetInsider Speculates on M&A

(Bloomberg) -- Monsanto gains to $96.25 after StreetInsider late yesterday said BASF is working with investment banks to advise on a potential takeover of MON.
  • NOTE: In March, Monsanto was said to seek crop chemicals deals with BASF and Bayer
    • In Feb., Baader Helvea said Monsanto is the next logical target for BASF after losing out on Syngenta
    • April 25, Exane said BASF’s share price doesn’t reflect the possibility of Monsanto returning with a compelling offer for the company
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MON US (Monsanto Co)
BAS GR (BASF SE)
SYNN VX (Syngenta AG)

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