Why Did Monsanto Confirm Unsolicited Bayer Offer?

The transcript discusses Monsanto's unusual public statement regarding a takeover proposal, which was initially dismissed as speculation. Bayer's financial challenges, including significant debt, are highlighted as they consider acquiring Monsanto. The chemical seed market is experiencing consolidation, with Monsanto previously bidding for Syngenta. BASF is not expected to join the bidding for Monsanto, and Bayer's investors are cautious about the potential acquisition.

What divestitures might the buyer consider to facilitate the acquisition?

What implications does the consolidation in the agricultural industry have for Monsanto?