Receive Breaking News updates as they occur
US agribusiness giant Monsanto Co. rejected Tuesday the $62 billion takeover bid by Germany's Bayer AG as too low, but said it was willing to entertain further talks on a merger. Monsanto chairman and chief executive Hugh Grant said in a statement that the offer "significantly undervalues our company" and does not give enough assurance on how Bayer would finance the deal or overcome possible regulatory challenges. Monsanto's board "unanimously views the Bayer AG proposal as incomplete and financially inadequate, but is open to continued and constructive conversations to assess whether a transaction in the best interest of Monsanto shareowners can be achieved," the statement said.
ST. LOUIS (AP) — Ten-year-old Tyson Stegall stared intently at the chess board as his opponent, grandmaster Alejandro Ramirez, pondered a move. The fourth-grader gave a little grimace, then a smile, when Ramirez finished him off with a checkmate.