Bayer proposes surprising Monsanto merger

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MUSCATINE, Iowa —

Monsanto operates 31 locations in Illinois and Iowa, including Monmouth and Muscatine.

Bayer is Monsanto's direct competitor in Europe and Asia, but doesn't have the expertise in agriculture and seeds. The amount offered for the merger was not published, but Monsanto's current market value is $42 billion.

Monsanto said its board was reviewing the proposal.