Bayer said it was disappointed by Monsanto's rejection, saying the proposal offered immediate value to Monsanto shareholders.

"The revised all-cash offer is a compelling opportunity and represents immediate and certain value for Monsanto shareholders amid recent weak business performance and Monsanto's reduced mid-term outlook," Bayer said in a statement on Tuesday.

(Reporting by Victoria Bryan; editing by David Clarke)

Stocks treated in this article : Monsanto Company, Bayer AG
Stocks treated in this article : Monsanto Company, Bayer AG