Bayer CEO Has 9 Months to Overcome Shareholders’ Extraordinary Rebuke of His Monsanto Deal

Bayer Chief Executive Werner Baumann has nine months to prove he shouldn’t be kicked out as a result of last year’s Monsanto acquisition, a corporate law expert warned Tuesday. Professor Christoph Schalast, a mergers and acquisition specialist at the Frankfurt School of Finance and Management, said Friday’s unprecedented rebuke of Bayer’s management was in part […]

Bayer’s Management Face A No-Confidence Vote Over Monsanto Deal. Here’s What You Need to Know.

The Monsanto glyphosate drama may be about to hit the agriculture firm’s new owners where it hurts. Bayer’s management faces a vote of no confidence at the German company’s annual general meeting, which is taking place Friday. Amid widespread concerns over the wisdom of Bayer’s Monsanto takeover last year, the vote looks set to be […]

Bayer Shares Plummet Upon Verdict That Roundup Caused Man’s Cancer

The share price of Bayer bayry plummetted Wednesday, following a U.S. court’s decision that its Roundup weedkiller played a substantial role in the development of non-Hodgkin lymphoma by Californian Edwin Hardeman. In the Frankfurt stock exchange, the German conglomerate’s share price plummeted by more than 12% Wednesday to EUR60.81 ($69.04), spurred by fears that the […]

More than 11,000 People Are Now Suing Bayer over Weedkiller Cancer Risk

Bayer is now facing lawsuits from around 11,200 plaintiffs over the health implications of Roundup and Ranger Pro, its glyphosate-based weedkillers. The German life science giant revealed the figure Wednesday as it announced its results for fiscal 2018. Full-year sales were up 13% and EBITDA before special items up 2.8%, but full-year net earnings were […]