May 29, 2018 / 5:52 AM / a month ago

KWS makes non-binding offer for Bayer's vegetable seed business

FRANKFURT, May 29 (Reuters) - German seed seller KWS Saat emerged as an interloper on Tuesday by making an offer for Bayer’s vegetable seed business, a division which Bayer had agreed to sell to BASF as part of its planned merger with Monsanto.

The KWS offer is non-binding and KWS did not disclose financial terms.

Bayer struck a deal to sell its vegetable seed business, which operates under the name Nunhems, to Germany’s BASF last month. (Reporting by Christoph Steitz and Patricia Weiss Editing by Edward Taylor)

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