buyout

Monsanto & BASF
12:37 pm
Tue April 12, 2011

Updated: Monsanto shares up, but no plans for buyout from BASF

Outside Monsanto headquarters in St. Louis.
(St. Louis Public Radio)

Updated 2:05 p.m. April 12, 2011:

Reuters has now updated its story to indicate that a buyout is not in the plans:

Germany's BASF SE (BASFn.DE) has no plans to buy global biotech seed company Monsanto Co (MON.N), sources with knowledge of the situation said on Tuesday.

Rumors that a buyout was imminent sent shares of Monsanto Co (MON.N) up as much as 4 percent while shares of BASF, the world's largest chemical maker, fell 2.8 percent to 62.59 euros.

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