(Reuters) Bayer said on Wednesday it won over Monsanto's management with a $128 per share offer in cash, worth about $66 billion including debt, to take over the global seed market leader.The companies have agreed on an antitrust break fee of $2 billion and the deal is expected to be closed by the end of 2017, the German group said in a statement.Bayer intends to finance the transaction with a combination of debt and equity. The equity component of approximately $19 billion is expected to be raised through mandatory convertible bonds and a rights issue, it added.According to Thestreet.com, "Shares of Monsanto (MON) were increasing in pre-market trading on Wednesday..."Looking a the daily chart, we can see that Monsanto is in an ascending triangle:(click to enlarge)Pending breakout:- With Monsanto agreeing to the acquisition, its shares should be able to push above the ascending triangle, especially since price is still under 110, and the buying price is $128. - With bullish wind on its back, I believe MON can push towards the 114.00 high on the year.The question is: Will price be able to reach $128, which was near the high in 2014 (128.80). A conservative bullish target would be 120, which is a more "common price" throughout 2014 and 2015.