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Fly News Breaks for July 14, 2016
BAYRY, BASFY, MON
Jul 14, 2016 | 07:23 EDT
After media reports indicated that Monsanto (MON) has revived talks with BASF (BASFY) as an alternative to the offer from Bayer (BAYRY), Jefferies analyst Laurence Alexander said he believes Bayer would need to increase its bid to over $135 per share for Monsanto to shut down its consideration of alternatives. The analyst views Bayer as "the best technology and market position fit for Monsanto," but adds that BASF "would have significantly less antitrust concerns."
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