US stocks rise as Monsanto shares jump after Bayer bid
23 May 2016
- From the section Business
(Open): US stocks edge higher in early trading, as shares in the agricultural firm Monsanto jumped after Germany’s Bayer detailed its takeover offer.
The tech-based Nasdaq index was 2 points higher at 4,771.57.
Monsanto shares were up more than 6% as Bayer offered $62bn to buy the company, which would create the world’s largest agricultural firm.