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BASF keeps mum on Monsanto deal report

Jul. 14, 2016 3:54 AM ETBASF SE (BASFY) StockMON-OLD, BASFY, BAYRY, BAYZF, BFFAFBy: Yoel Minkoff, SA News Editor1 Comment
  • BASF (OTCQX:BASFY) has declined to comment on a report Monsanto (NYSE:MON) is looking into a series of possible deals, including the potential acquisition of its agrochemicals unit.
  • The news comes after Monsanto rejected a buyout offer from a different Germany company - Bayer (OTCPK:BAYRY) - back in May.
  • BASF shares are in the green this morning, up 3% in Frankfurt, but the wider DAX is on the march higher too.

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