Monsanto rejects Bayer buyout, again -

Monsanto rejects Bayer buyout, again

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(Credit: KMOV) (Credit: KMOV)

NEW YORK (AP) — Monsanto is rejecting the second takeover bid from Bayer.

The German drug and chemicals company last week boosted its offer from $62 billion, to about $65 billion, or $125 per share.

On Tuesday, Monsanto Co., a seed company, called revised offer inadequate, as it did the initial bid.

The St. Louis company says however that it remains open to talks with Bayer and others about a deal.

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