"Given that both parties seem open to constructive talks, we're raising our PT to be in line with the current bid price from Bayer," said Roberts. The analyst was confident in the high value of leading positions in seeds and pesticides and thought Bayer could easily propose a higher price than $122, especially if Monsanto agreed to provide more data.
So far, Bayer has offered Monsanto $122 a share, but Monsanto declined the offer. Although they both claim to be open to continued talks, Bayer management said they wouldn't be willing to increase their bid price until Monsanto gives more visibility of their business, which they have not done yet.
At the time of writing, Monsanto traded at $106.75, down 0.28 percent.
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