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In the case of Bayer and Monsanto, the Monsanto share price increased heavily after the announcement of the takeover plans. What was the main reason

In the case of Bayer and Monsanto, the Monsanto share price increased heavily after the announcement of the takeover plans. What was the main reason for this? Which price did the Monsanto shares converge to before the takeover finally took place? What is the reason for this?

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