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Bayer sweetens Monsanto bid as talks enter final stretch

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German pharmaceutical and crop chemicals manufacturer Bayer AG has raised its bid for Monsanto Co. by 2 percent.

The offer is now over $65 billion.

"Both sides are gradually nearing consensus," one person familiar with the matter told Reuters.

The sweetened offer increases what was already the largest all-cash takeover bid on record.

Read more from Reuters.

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