Monsanto Pops 17% Amid Multiple Takeover Reports
Shares of Monsanto Company (NYSE: MON) surged higher by more than 17 percent early Thursday morning after the company was named as a potential takeover target.
Street Insider, citing "sources claiming to have knowledge of the situation," reported Wednesday evening that Germany-based BASF is working with bankers to explore a potential takeover of Monsanto.
Shares of Monsanto traded recently at $106.20, up 17.5 percent in the pre-market session.
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