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...“He has the most encyclopedic memory of deals, products and companies and can pull examples and learn from them,” said former colleague Alexander Hardy, chief executive of US biotech group BioMarin....
...Investors had long pushed Bayer to break itself into three separate groups, but Anderson said the expected loss of its exclusivity on key drugs, high debt, costly Roundup weedkiller litigation and the group...
...Investors have sent the company’s shares to their lowest level in 19 years following Anderson’s decision to ditch immediate break-up plans for the company on Tuesday....
...Bondholders who bought into a diverse group do not like the prospect of holding debt in a smaller company riddled with problems....
...his own company....
...The company, which has been under pressure from investors to break itself up, is still struggling with the damage from its $63bn takeover of US crop sciences group Monsanto in 2016....
...Bayer was not sourcing novel, cutting-edge molecules [and was not] going for really important targets,” Bill Anderson told the Financial Times in an interview after the German group shocked shareholders...
...Anderson is likely to be quizzed on a potential overhaul of the company, as well its legal strategy on Roundup, when he delivers a long-awaited strategy update alongside the group’s results on March 5....
...Alongside Ubben, Bayer nominated Nancy Simonian, the former CEO of US biotech company Syros Pharmaceuticals, and Lori Schechter, the former general counsel of US healthcare group McKesson, to join its supervisory...
...Earlier this month, it made two proposals to buy UK electronics retailer Currys that were rebuffed by the group....
...Tech companies pushed back on Monday against suggestions of wrongdoing....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...The group estimated the rule would cost airlines $33bn over 10 years....
...That apparently led to a disagreement over corporate governance at the Swedish group that split the company’s co-founders....
...But the forecasting challenges facing investors in the social media group are not all that much worse than those facing, say, a computer gaming company or a movie studio....
...The group met for less than 45 minutes in July and is due to convene just once every six months, limiting the opportunity for detailed discussions, according to people at some of the companies involved....
...A day earlier, shares in AI infrastructure group Astera Labs surged 72 per cent on their Nasdaq debut. The company raised $713mn....
...Though Anderson acknowledged the appeal of a “pure play structure”, he said the company needed to fix its other issues first....
...Trump Media & Technology Group, the company behind his Truth Social platform, rose as high as $79.38 a share from the previous day’s price of $49.95, before closing up 16 per cent at $57.99....
...Its former chief executive, Alan Bruce, left the group early this year....
...But for the German group’s recently installed chief executive Bill Anderson, who has more than two decades of experience in the pharmaceuticals industry, such disappointments are just part of the game....
...Bayer’s new chief executive Bill Anderson has blasted the German conglomerate’s performance as “not acceptable”, underlining the group’s struggle to revive its fortunes after the ill-fated acquisition of...
...Schiller wrote that the decision was also motivated by Epic chief executive Tim Sweeney’s “colourful criticism” of the company’s plans to comply with the DMA....
...UK software group Solidatus, which helps companies manage their data, is ranked 91st....
...During its roadshow, Reddit said it planned to diversify its revenues, for example adding ecommerce features and selling its data to AI groups....
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