Monsanto Might Acquire BASF’s Agricultural Solutions Unit by Reuters @FortuneMagazine July 13, 2016, 7:59 PM EDT E-mail Tweet Facebook Linkedin Share icons Seed company Monsanto, which rejected Bayer AG’s buyout offer in May, is exploring various transactions, including the acquisition of BASF’s agriculture-solutions unit, Bloomberg reported. In return, BASF basfy would likely receive newly issued shares in Monsanto mon , Bloomberg said, citing people familiar with the matter. The discussions are at an early stage, and no final decisions have been made, the report said, citing the people. Talks with Bayer bayry are continuing, sources told Bloomberg. Get Data Sheet, Fortune’s technology newsletter. Monsanto, BASF and Bayer could not be reached for comment outside regular business hours. Monsanto’s board is split over the merit of potential deals with rivals BASF and Bayer with some executives keen to remain independent and others preferring a takeover, Bloomberg reported, citing a source.