Monsanto rejects $62B Bayer bid, but still open to talks

Monsanto Co. Chairman and CEO Hugh Grant also said in a written statement that the initial offer failed to address potential financing and regulatory risks.

The company previously said that it planned to finance the acquisition with a combination of debt and equity, the latter to be raised largely by issuing new shares.

Low interest rates that make borrowing cheap, huge stockpiles of cash held by corporations, and a lackluster environment for organic growth continues to push global mergers.