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Thursday, April 14, 2011
BASF has no plans to buy Monsanto: sources
BASF has no plans to buy Monsanto: sources
Rumors that a buyout was imminent sent shares of Monsanto Co up as much as 4 percent while shares of BASF, the world's largest chemical maker, fell 2.8 percent to 62.59 euros.
A tie-up with Monsanto would give BASF a deeper footing in the United States and help it compete with agricultural rivals, including DuPont's Pioneer unit and Dow Chemical's DowAgroSciences unit.
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