Monsanto said to accept sweetened Bayer bid of $128 per share
According to sources cited by the BBC, the Financial Times and Reuters, Bayer has upped its offer to $128 a share from $127.50.
Earlier this month, Bayer confirmed that it was in advanced negotiations with Monsanto and that it would be prepared to up its offer from a previous offer of $125 in July to $127.50.
Bayer's initial offer back in May of $122 per share was rejected by Monsanto for being "financially inadequate".
The deal was expected to be announced later on Wednesday. ■