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...Bayer has been ensnared in a US legal battle over Monsanto’s weedkiller Roundup, whose active ingredient glyphosate has been blamed by tens of thousands of Americans for giving them cancer....
...Bayer’s woes have not been confined to the fallout from the Monsanto transaction....
...Bayer has had to pay out billions of dollars after juries in litigation that was also led by Wisner found a link between a weedkiller developed by Monsanto, the US company the German group acquired in 2018...
...It is only the second time a company’s lobbyists have been banned from entering the European parliament after representatives from agrochemical company Monsanto were barred in 2017. Read more here...
...These are largely, but not exclusively, a legacy of its $63bn acquisition of US crops company Monsanto in 2016....
...The German conglomerate continues to nurse a giant hangover from its disastrous $63bn takeover of Monsanto agreed in 2016....
...Bayer paid $65bn for Monsanto assets that included a glyphosate weedkiller called Roundup....
...The $63bn purchase saddled the German buyer with billions in debt and exposed it to costly US litigation over Monsanto’s weedkiller Roundup, which users blame for their cancer....
...The decision marks one of the biggest Roundup losses for Bayer, which acquired Roundup when it completed its acquisition of Monsanto in 2018....
...At the other end of the spectrum, Bayer has so far paid $20bn for lawsuits related to its acquisition of Monsanto and the allegedly carcinogenic properties of its glyphosate herbicide....
...Bayer is under pressure from shareholders as it is reeling from the $63bn acquisition of US crop science giant Monsanto....
...The $63bn acquisition of Monsanto in 2016 was designed to turn Bayer into a powerhouse in the global food industry, supplying farmers with everything from seeds to crop sprays....
...Over the weekend, Bayer also lost a key case in the US related to the weed killer Roundup, which it acquired when it bought Monsanto in 2016....
...Over the weekend, Bayer also lost a key court case in the US on weed killer Roundup, which it acquired via its merger with Monsanto....
...The company is suffering from a sprawling multibillion litigation over its weedkiller glyphosate in the US, which it acquired in its controversial 2016 acquisition of US rival Monsanto and which former users...
...as it faced fresh competition for some of its best-selling drugs and lower prices for agriculture products The group is still reeling from the fallout of its ill-fated $63bn takeover of US seeds-maker Monsanto...
...It is only the second time that a company’s lobbyists have been banned from entering the European parliament, after agrochemical company Monsanto’s representatives were barred in 2017....
...Lex has been following the travails of Bayer and the fallout from its disastrous acquisition of Monsanto in 2016....
...Despite that, the company has taken steps to end the protracted crisis over Roundup, which Bayer acquired as part of its ill-fated $63bn acquisition of US crop sciences business Monsanto in 2016....
...With a stock market value of just €51bn, the company is currently worth less than Bayer on its own before the Monsanto acquisition....
...Moreover, the transaction exposed Bayer to Monsanto’s litigation risk. Bayer was forced to pay $10bn in settlements over Monsanto’s weedkiller glyphosate allegedly causing cancer....
...Bayer has lost a lot of ground since its disastrous 2018 acquisition of Monsanto. Bill Anderson, who became chief executive in June, describes it as bogged down in litigation, bureaucracy and debt....
...It is the latest financial hit from the firm’s ill-fated 2016 takeover of US rival Monsanto, a transaction that exposed Bayer to up to $16bn in litigation costs over cancer cases allegedly linked to glyphosate...
...It is the latest financial hit from the group’s ill-fated 2016 takeover of US rival Monsanto, a transaction that exposed Bayer to up to $16bn in litigation costs over cancer cases allegedly linked to glyphosate...
...The German conglomerate has become a poster child for the pitfalls of mergers and acquisitions, still nursing a giant hangover from its disastrous $63bn takeover of Monsanto agreed in 2016....
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