Bloomberg Bayer AG is close to choosing banks to arrange funds for its proposed acquisition of Monsanto Co., according to people familiar with the matter, after the U.S. company rejected the initial $62 billion bid as too low and sought reassurances on the potential financing. Bayer will probably raise more than $40 billion in short-term bridge financing and most ...

  Frankfurt / AFP Bayer’s chief executive said in an interview published on Sunday he is ready to meet environmental groups to address concerns about his group’s plans to take over US agrochemicals giant Monsanto. In an interview with the Sunday newspaper Frankfurter AllgemeineSonntagszeitung, Werner Baumann also hinted that the Monsanto brand could disappear once the business is integrated into ...

  Frankfurt / AFP The ECB, expected to hold fire on monetary policy at its meeting Thursday, will likely focus instead on welcoming Greece back into the fold of fully-fledged eurozone borrowers after a bailout deal, analysts said. European Central Bank chief Mario Draghi may well also use the lull in the bank’s unprecedented stimulus drive to remind governments that ...