Bayer’s Monsanto Bid Lifts Agribusiness ETFs
May 23, 2016 at 14:02 PM EDT
Materials and the more targeted agribusiness sector-related exchange traded funds stood out in a sideways trending market after German pharmaceutical and chemicals giant Bayers AG made an all-cash bid for Monsanto Co. (NYSE: MON). Bayer confirmed that it approached Monsanto over a takeover bid for...