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Monsanto (MON) Stock Drops, Looking for Another Deal

NEW YORK (TheStreet) -- Shares of Monsanto (MON) are down 0.72% to $100.40 in pre-market trade as the company looks to strike a deal with BASF SE (BASFY), Reuters reports.

Monsanto, a St. Louis-based seed producer, would acquire the German chemical company's agriculture-solutions unit in the deal. In return, BASF would receive newly issued shares of Monsanto, according to Bloomberg.

This comes after Monsanto rejected a recent offer by Bayer AG (BAYRY), who offered $62 billion for a complete takeover.

Monsanto's board is not set on either...