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Related Special Reports
...Monsanto, which exposed Bayer to billions of dollars in litigation costs tied to the weedkiller glyphosate....
...Bayer: Shares in the German chemicals and pharma company gained 2 per cent after reports it may spin off its CropScience unit....
...Activist investor Jeff Ubben is set to join Bayer’s supervisory board as the struggling German aspirin-to-glyphosate conglomerate prepares to update investors about a potential break-up early next week....
...In Bayer’s case, its CropScience division, which provides seeds and weedkillers to farmers, feared in 2016 that it could be marginalised as a massive consolidation wave swept through the sector....
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...Chemical group Bayer is in trouble over last year’s $63bn acquisition of US rival Monsanto, whose herbicides have been linked in court cases to cancer....
...Volkswagen’s AGM comes just weeks after the chief executive of Bayer received a vote of no confidence from a majority of shareholders — a first in postwar Germany corporate history....
...WeWork prepared for the manoeuvre last month by changing from a corporation to a limited liability company, called the We Company MC LLC....
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...The fee collected by Goldman is lower than the $120m brought in by Morgan Stanley for advising Monsanto in its $66bn sale to Germany’s Bayer, which was the highest advisory fee paid to an investment bank...
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...S&P Dow Jones Indices said late on Monday that Twitter will replace Monsanto on the S&P 500 on June 7, when Bayer’s tie-up with the agriculture company is expected to close....
...The agriculture ministry also renewed approvals for the import of 14 other kinds of GM crop, including Syngenta’s Duracade corn, a Monsanto sugar beet and three Bayer rapeseed products....
...However ebitda at its agricultural arm CropScience, which sells products such as insecticides and herbicides as well as seeds, fell 9.5 per cent year-on-year to €334m....
...In a sign that regulators in Washington are just as alive to such issues, the US Department of Justice sued Deere & Co last week to block its purchase of Monsanto’s Precision Planting LLC equipment unit,...
...In Bayer’s case, the shift to life sciences started as long ago as 2001, when the group paid €7.25bn for Aventis CropScience in what was then its largest acquisition....
...Meanwhile, with expectations high of an imminent realignment of the global agrochemicals sector, other interested parties such as BASF, Bayer, Syngenta and Monsanto can be expected to take a close look at...
...Nevertheless, there is a widespread expectation in the industry that Dow and DuPont — as well as other agricultural chemicals businesses including Syngenta, Monsanto of the US, and BASF and Bayer of Germany...
...Julian Little of Bayer CropScience disagreed....
...Companies like Bayer Cropsciences, Kaveri Seeds and Pesticides India are well placed to benefit from this trend. Saurabh Mukherjea is CEO of institutional equities, Ambit Capital....
...CropScience Syed Manzur Elahi, Chairman, Apex Adelchi Footwear Eduardo Eurnekian, CEO, Corporación América Douglas Flint, Group Chairman, HSBC Holdings Antonio Estrany y Gendre, President, Axion Energy...
...Germany’s Bayer CropScience said the move would reduce food quality and make European agriculture less competitive....
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