Bayer AG says the company does not need the approval of shareholders to acquire Monsanto. In a legal filing, an executive from Bayer wrote “a shareholder vote is not required by German law.” The statement comes after Bayer had spent more than a month trying to warm shareholders to the idea that buying Monsanto is good for business, according to the St Louis Business Journal. The St Louis, Missouri Based Monsanto has rejected an offer by German-owned Bayer. Bayer reportedly has secured $63 billion in financing but has not publicly stated if it’s presented another offer to acquire Monsanto. Monsanto rejected the initial offer and also rejected a request for information to justify Bayer increasing its bid. Monsanto said it would only release more details if Bayer boosted its offer, stalling the efforts.