Monsanto Co. $107

Article Excerpt

MONSANTO CO. $107 (www.monsanto.com) develops and sells technology-based agricultural products, such as genetically modified seeds, to farmers, grain processors and food companies. It also makes weed- and pest-control products. German chemical and pharmaceutical maker Bayer AG recently increased its all-cash takeover offer for Monsanto, to $125.00 a share from $122.00. Monsanto has rejected the new offer. But it’s open to further talks with Bayer and other potential bidders. Even if a new deal fails to materialize, we still like Monsanto’s long-term prospects. Buy. …