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Monsanto (MON), Bayer Deal Could Be Announced Next Week

NEW YORK (TheStreet) -- Earlier this week German pharmaceutical company Bayer (BAYRY) upped its bid to acquire agricultural products supplier Monsanto (MON) , and now it appears that a deal could be announced as early as next week, BloombergTV's Mark Barton reported on "Bloomberg Markets" Friday morning.

A combination of the two companies would create the largest maker of seeds and pesticides in the world.

Monsanto is said to be pushing for a price closer to $130 per share, Barton said. The two companies are also said to be discussing increasing the $1.5 billion breakup fee as well.

"The deal could squeeze farmers amid weak crop prices as well," Barton concluded.

Shares of Monsanto are lower in late Friday morning trading.

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