Bayer’s Monsanto sues lenders over default ‘threats’

Monsanto, which was acquired by Bayer (BAYRY) earlier in 2018 said in a court filing Monday that Wells Fargo (WFC) and Citizens Asset Finance “who hold leases on some company planes may try to claim the takeover placed the contracts in default, even though all payments are current,” According to Bloomberg, Monsanto sued the lenders in New York federal court, “asking a judge to block the lenders from declaring the leases in default.”
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