Bayer AG has approached Monsanto Co. about a takeover that would fuse two of the world’s largest suppliers of crop seeds and pesticides, the companies said. Details of the offer couldn’t be learned and it was unclear whether Monsanto would be receptive to it. Monsanto in a statement confirmed the approach,... Should there be a deal, it could be valued at more than $42 billion, which is Monsanto’s current market capitalization.

Source: Wall Street Journal May 18, 2016 20:21 UTC