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BASF Takeover Rumors Hit Monsanto Stock

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

… 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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