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Monsanto lost out to ChemChina in its bid to buy seeds and
pesticides firm Syngenta last year.
State-owned ChemChina's deal for Syngenta and a merger between
DuPont and Dow Chemical has dramatically changed the
agricultural landscape in a matter of months.
Monsanto share's were up 17.7 percent at $106.30 in premarket
trading on Thursday.
Bayer has discussed how to finance a deal including potential
asset sales, Bloomberg reported.
No final decision has been made and Bayer could decide against a
bid or pursue other transactions with Monsanto, including joint
ventures or asset sales, Bloomberg quoted the people as saying.
Monsanto, which had a market value of about $40 billion as of
Wednesday close, declined to comment.
Bayer also declined to comment. (http://bloom.bg/1XmMYuR)
Street Insider, citing sources, reported late on Wednesday that
Germany's BASF SE <BASFn.DE> was considering a bid for Monsanto.
(http://bit.ly/1WrnzRL)
(Reporting by Anet Josline Pinto in Bengaluru; Editing by Sriraj
Kalluvila)
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