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Monsanto (MON) Stock Lower, Board to Decide on Bayer Deal

NEW YORK (TheStreet) -- Shares of Monsanto (MON) were down in mid-morning trading on Tuesday as the St. Louis-based agricultural products supplier's board is likely to reach a decision on its proposed sale to Bayer (BAYRY) by today, Reuters reports, citing sources.

The German chemical and pharmaceutical company said last week that it was raising its offer for Monsanto to approximately $65 billion, or $127.50 per share.

Bayer's board is expected to review the deal on Wednesday, according to Reuters. The merger could still face hurdles...