Hints and tips:
...Birkenstein Capital, a new German special situations investor partnered with Davidson Kempner, will be led by Tobias Hoffmann-Becking....
...Thursday China, April CPI and producer price index (PPI) inflation rate data UK, Bank of England’s Monetary Policy Committee’s rate-setting meeting US, April PPI inflation rate data Results: 3i Group FY, Bayer...
...The latest rise in the number of plaintiffs was notable, but not as dramatic as the surge in claims that hit Bayer last year....
...In August, Bayer sold its animal health unit to US group Elanco Animal Health for $7.6bn....
...The league has granted exemptions to this rule only in cases where companies — Bayer and Volkswagen are notable examples — have been investors and partners of a team for decades....
...“Strengthening the company’s own resources will provide us with greater strength to finance growth as we pursue and access new opportunities,” said Tobias Martinez, chief executive....
...The second-biggest deal was the €3.5bn acquisition of Bayer’s Currenta, a chemical park operator, by Australian investment bank Macquarie....
...Bayer declined to comment, saying all parties involved in the settlement talks had agreed to confidentiality....
...Bayer already owns 41 per cent of BlueRock, which it set up as a joint venture with Versant Ventures in 2016....
...Bayer’s shares have lost more than a third of their value over the past 12 months, largely as a result of the legal risk associated with Roundup....
...“Bayer is on track in its operational business,” said Werner Baumann, chief executive....
...Heiko Schipper, a member of the Bayer board, said: “Since Bayer took ownership of Dr Scholl’s in late 2014, we have made progress in revitalising the brand and developing an exciting pipeline of innovative...
...“Having lost three trials, Bayer is currently in the worst negotiating position imaginable. The negotiating position will improve the more cases Bayer wins.”...
...All the private equity groups declined to comment, while Bayer said it does not comment on “market gossip.”...
...Bayer shareholder....
...Bayer insists that Roundup and Ranger Pro are safe....
...This is not the way Bayer seeks dialogue with society and stakeholders....
...Investors have been angered by the dramatic fall in Bayer’s share price since last August, when a California court ruled that a glyphosate-based weedkiller owned by Bayer was responsible for the plaintiff...
...The Bayer boss has also come under fire from German politicians....
...Elliott has emerged as an increasingly significant participant in Germany companies in recent years, building stakes in blue-chip groups including Bayer, SAP, Thyssenkrupp and Uniper, as well as machine-tool...
...The jury verdict does not mean that Bayer is liable to pay damages — a question that will be settled in the second phase of the trial — but it deals a blow to Bayer’s legal campaign all the same....
...Bayer said it was now aware of 11,200 glyphosate-related lawsuits, up from 9,300 at the end of October....
...It will encourage more suits and will encourage other plaintiffs to pursue their cases with even more vigour,” said Carl Tobias, a professor of law at the University of Richmond....
...It is an idea, however, that has so far found no support inside Bayer itself....
...Bayer employs about 118,200 people. Speaking on a conference call, Bayer chief executive Werner Baumann said the cost cuts had nothing to do with the group’s legal woes....
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