The chemical and pharmaceutical giant Bayer AG is considering making a bid for the agrochemical Monsanto, Bloomberg’s Aaron Kirchfeld, Ruth David and Dinesh Nair report.
The combined company would become the largest supplier of farm chemicals and seeds, according to the report.
Monsanto’s stock was up about 17% in premarket trading, after surging as much as 20%.
Monsanto, which has a market cap of about $40 billion, is the maker of the pesiticide Roundup.
More to come…
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.