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Bayer makes preliminary offer to buy Monsanto, sources say

Reuters

REUTERS - Bayer AG (BAYGn.DE) has made a preliminary proposal to buy Monsanto Co (MON.N), people familiar with the matter said on Wednesday.

Monsanto's board is currently evaluating the proposal and deciding how to respond, the people said, asking not to be identified because the matter is not yet public. Details of the offer could not immediately be learned.

Monsanto declined to comment, while Bayer did not immediately respond to a request for comment.

(Reporting by Greg Roumeliotis and Mike Stone in New York; Editing by Ed Davies)