US stocks rise as Monsanto shares jump after Bayer bid – BBC News

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US stocks rise as Monsanto shares jump after Bayer bid

NYSE tradersImage copyright
Reuters

(Open): US stocks edge higher in early trading, as shares in the agricultural firm Monsanto jumped after Germany’s Bayer detailed its takeover offer.

The Dow Jones rose 74.55 points to 17,508.95, while the wider S&P 500 index climbed 13.16 points to 2,053.2.

The tech-based Nasdaq index was 2 points higher at 4,771.57.

Monsanto shares were up more than 6% as Bayer offered $62bn to buy the company, which would create the world’s largest agricultural firm.