Monsanto jumps on Bayer BASF bid talks

Jessica TranterLast Update : Thursday 12 May 2016 - 5:33 PM
Monsanto jumps on Bayer BASF bid talks

Monsanto jumps on Bayer BASF bid talks

NYSE tradersImage copyright EPA

(Open): Monsanto was an early gainer in US trade on reports Bayer and BASF are planning bids.

Shares in the world’s largest seed producer were up 12% at the start of Thursday trading.

The Dow Jones Industrial Average was up 26.53 points, at 17,737.65. The S&P 500 was 1.9 points at 2,066.36.

The tech-focused Nasdaq though was down 9.10 points at 4,751.59 against that trend after shares in Apple lost 1.8% to a 52 week low of $90.83.

US fashion house Ralph Lauren said sales were down, but by less than expected. The better than expected corporate statement initially boosted its shares by 2%, before they slipped to slightly negative.

Source: BBC Business

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2016-05-12 2016-05-12
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Jessica Tranter