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BASF Takeover Rumors Hit Monsanto Stock

Alex Constantine - April 17, 2011

Albuquerque Express (Source: Business Journal) | April 16, 2011  

3 basf - BASF Takeover Rumors Hit Monsanto Stock... sending shares in the chemical and seed company on a wild ride. Monsanto (NYSE: MON) stock started the week at about $67, but surged close to $70 per share Tuesday when the rumors surfaced.

Since then, the stock has given back much of that gain, closing Friday at $67.33, which is still well above its 52-week low of $44.61 from last July. Both companies have operations in the Dayton region, employing hundreds of workers.

Monsanto has research facility in Troy and BASF has a chemical plant in Greenville and a manufacturing facility in Brookville.

It was Tuesday when the speculation surfaced and pushed the stock higher.

"Monsanto shares ... are active on unconfirmed rumors that BASF is interested in the company" ... 

Full story at Business Journal

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