Investing. com – Bayer (DE:BAYGN), Monsanto (NYSE:MON) are said to be closer to a takeover deal.
Bloomberg Tuesday quoted unnamed sources as saying progress made on purchase price.
Monsanto in July rejected Bayer’s improved $55 billion bid.
U.S. seeds firm said offer of $125-a-share was “financially inadequate”.
Sources said agreement could be reached in next two weeks.
Monsanto shares were up 5.74% at $110.47 in pre-market trade.