Bloomberg News reported on 12 May 2016 the rumor that the German firm: "Bayer AG is exploring a potential bid for U.S. competitor Monsanto Co.... Monsanto rose 8.4 percent to close at $97.92 in New York Thursday [12 May 2016] after news about Bayer's interest...."Bloomberg News disclosed on 18 May 2016 that Bayer made an unsolicited offer for Monsanto which Bayer confirmed but did not disclose a price.This prompted Monsanto's stock to rise from $95.13 to $105.37 per share in New York. On May 23, 2016, Bayer publicly revealed that it offered $122 per share for Monsanto prompting Monsanto's share price to rise 4.9% to 106.45 according to Bloomberg News.This was followed by a $125 offer per Monsanto share by Bayer on 14 July 2016 and a 127.50 per share offer by Bayer on 6 September 2016.Bloomberg News reported on 14 September 2016: "Bayer AG agreed to buy Monsanto Co. in a deal valued at $66 billion, winding up four months of talks to create the world's biggest supplier of seeds and pesticides.Bayerwill pay $128 a share in cash, .... The bid-- this year's biggest deal and the largest foreign takeover ever by a German company -- was 21 percent above Monsanto's closingpricein New York on Tuesday...."the approximate relevant control premium Bayer paid for Monsanto was:

A.21%

B.31%

C.34%.

D.42%

Answer rating: 100% (QA)

ANSWER Based on the information provided the approximate ... View the full answer