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Bayer could launch hostile bid for Monsanto: report

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(File, AFP)
(File, AFP)

Frankfurt - German chemicals giant Bayer may launch a hostile takeover bid for US seed and pesticide maker Monsanto if its latest friendly offer falls through, business daily Handelsblatt reported on Tuesday.

Monsanto has already rejected two offers from the German firm, calling an increased $125-per-share bid in July "financially inadequate" while keeping the door open to further discussions.

"Bayer is prepared to turn directly to the shareholders" to secure a deal if Monsanto management insists on a price the Germans see as too risky, the paper reported, citing sources close to the company.

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