NEW YORK (TheStreet) -- Shares of Monsanto Co. (MON) are up by 1.35% to $110.97 at the start of trading on Tuesday morning, following a Sunday Times report suggesting the agricultural products supplier could be receiving an improved takeover bid from Germany's Bayer (BAYRY).

The new offer could come as early as this week, according to the Times.

Monsanto rejected Bayer's $122 per share offer last week, saying the company's bid was "incomplete and financially inadequate."

"The current proposal significantly undervalues our company and also does not adequately address or provide reassurance for some of the potential financing and regulatory executions related to the acquisition," Monsanto CEO Hugh Grant said when his company turned down Bayer's offer.

Monsanto is a St. Louis-based company offering farmers a range of agricultural products that provide farmers with solutions to improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals.

Separately, TheStreet Ratings has set a "buy" rating and a score of B on Monsanto stock. This is driven by multiple strengths, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers.

The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. TheStreet Ratings feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: MON

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