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Monsanto (MON) Calls Bayer's Bid "Financially Inadequate", Bloomberg TV Reports

NEW YORK (TheStreet) -- Monsanto (MON) has rejected Bayer's (BAYRY) second takeover offer of $54.7 billion, Bloomberg TV's Taylor Riggs reported on "Bloomberg GO."

Bayer upped its bid on Thursday to $125 per share, from $122 per share.

Monsanto, the world's largest seed company, is open to doing business with Bayer or other companies, but called Bayer's bid "financially inadequate," Riggs said.

Monsanto might be considering a deal with another German company, BASF's (BASFY) agro-chem unit, Riggs said citing...