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Bayer sweetens offer for hesitant Monsanto

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German drug and crop chemical group Bayer AG yesterday announced a sweetened $64 billion bid for Monsanto Co.

The offer is a $3 dollar increase to $125 a share.

Bayer also offered Monsanto a $1.5 billion reverse antitrust breakup fee, "reaffirming its confidence in a successful closing."

Read more from Reuters.

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