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Bayer Shareholders Meet New Monsanto Bid With Little Enthusiasm

Bayer (BAYRY) investors delivered the market equivalent of a resigned shrug in response to their company's improved $65 billion offer for Monsanto (MON) , with shares in the German bidder sliding after it said late on Monday that takeover talks were progressing.

Bayer shares opened Tuesday at €93.51 ($104.43), down almost 1% on their Monday close, before recovering to €94.00 ($104.88). The stock has fallen 2% since Monday morning, when reports first emerged that Bayer was preparing a third offer for the...