Monsanto could buy BASF agriculture unit
In return, BASF would likely receive newly issued shares in Monsanto, Bloomberg said, citing people familiar with the matter.
The discussions are at an early stage, and no final decisions have been made, the report said, citing the people. Talks with Bayer are continuing, sources told Bloomberg.
Monsanto's board is split over the merit of potential deals with rivals BASF and Bayer with some executives keen to remain independent and others preferring a takeover, Bloomberg reported, citing a source.
Source: Reuters