FRANKFURT/LONDON — Monsanto has revived talks with BASF about a possible combination of their agrochemicals businesses, according to people familiar with the matter, after it rejected a $62bn takeover offer from Bayer.The US firm is exploring various transactions including the potential acquisition of BASF’s agriculture-solutions unit, the people said, asking not to be identified as the talks are private. In return, Germany’s BASF would be likely to receive newly issued shares in Monsanto, the people said.Discussions are at an early stage and no final decisions have been made as talks with Bayer are continuing, they said.BASF is providing the latest twist in a prolonged attempt by the world’s top six suppliers of pesticides and seeds to consolidate. While Dow Chemical and DuPont are progressing with their planned merger relatively quickly, the planned $43bn takeover of Syngenta by China National Chemical has attracted regulatory and political scrutiny."Looking at the agricultural ch...
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