Bayer to use proceeds of BASF seeds deal to refinance Monsanto deal

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Oct 13 (Reuters) – Bayer AG

* ‍Says will use net proceeds from announced divestiture to partially refinance planned acquisition of Monsanto​

* Says continues to work diligently with relevant authorities with aim of closing planned acquisition of Monsanto by early 2018​

* Says ‍sale to BASF is subject to successful closing of Bayer’s acquisition of Monsanto​

* ‍Says will provide an update on total expected synergies from Monsanto acquisition latest upon closing of transaction​ Source text: here? Further company coverage: