BAYER (BAYN)
Monsanto rejected Bayer AG ’s $62 billion takeover offer as too low. Bayer, however, has no plans to increase its offer without first reviewing Monsanto's confidential information, and probably the merger will fail.
Trade closed: target reached
A new offer seems to br set up in the next few days. We continue to think that the merger is an interesting opportunity.
The next target price for Bayer is 100.00 euro by year-end.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.