BASF has no plans to buy Monsanto: sources

Combat Monsanto

BASF has no plans to buy Monsanto: sources

Rumors that a buyout was imminent sent shares of Monsanto Co up as much as 4 percent while shares of BASF, the world's largest chemical maker, fell 2.8 percent to 62.59 euros.

A tie-up with Monsanto would give BASF a deeper footing in the United States and help it compete with agricultural rivals, including DuPont's Pioneer unit and Dow Chemical's DowAgroSciences unit.

Organic Consumers Millions Against Monsanto Campaign