30 Jun 2016 --- Monsanto has appeared to edge itself further away from a possible takeover by Bayer, after its chief executive said it is considering "alternative strategic options". Hugh Grant, Monsanto chief executive, said there was "no formal update" on Bayer's blockbuster $62bn offer, which Monsanto rejected last month, but added he had "been personally in discussions with Bayer's management over the last several weeks, along with other regarding alternative strategic options".