06 Sep 2016 --- Bayer said it's in "advanced" talks to buy Monsanto and is willing to increase its offer to more than $65bn as it looks to seal a deal which would create the world's biggest agrochemical company. The German crops and pharmaceutical company said it would now be prepared to offer $127.50 a share, up from the $125 a share offer rejected by Monsanto in July, although it said there was "no assurance that the parties will enter into agreement".