The daily business briefing: September 6, 2016

Bayer hikes its offer for Monsanto, a computer glitch delays British Airways flights worldwide, and more

British Airways planes on the tarmac
(Image credit: Peter Macdiarmid/Getty Images)

1. Bayer sweetens its offer for Monsanto

German drug and pesticide maker Bayer said on Monday that it had raised its bid for Monsanto, the world's biggest seed company, to more than $65 billion. The sweetened offer now stands at $127.50 per share, up from $125 per share. Monsanto has said it saw potential benefit in combining the two corporations into a seed and pesticide powerhouse, but its board unanimously rejected the first offer in July, saying the price was too low. Analysts have suggested a price around $135 to $140 per share might be what it takes to strike a deal.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.