Creve Coeur, MO  (KTRS)  Monsanto is calling Bayer’s latest bid inadequate.

Monsanto’s Board of Directors made that announcement this  Tuesday morning after reviewing Bayer’s second proposal. Last week Bayer boosted its offer from $62 billion to $65 billion.

Bayer made it’s initial bid back in May to acquire the Creve-Couer based company. Monsanto says however, it remains open to talks with Bayer and others about a deal.