Bayer Wins Backing of Glass Lewis, ISS Despite Share Decline bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Bayer may have
to ask shareholders for fresh capital to shore up its finances
even after the debt-laden German drugmaker slashed dividends
last week in its latest effort to get wiggle room,.
Bayer may have to ask shareholders for fresh capital to shore up its finances even after the debt-laden German drugmaker slashed dividends last week in its latest effort to get wiggle room, analysts said. But new CEO Bill Anderson may struggle to win over investors, who have seen the company's value sink by two thirds since its $63 billion acquisition of Monsanto in 2018, which saddled it with costly litigation and debt. The debate over a possible share issue comes as Anderson, who was hired last June to revive the company's fortunes, prepares to deliver a strategic investor update in London on Tuesday.
Bayer Taps Activist Investor Jeffrey Ubben for Supervisory Board bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The slump in Bayer s share price since the beginning of the year is likely to lead to its removal from the Stoxx Europe 50 in March. According to analyst Pankaj Gupta of the bank JPMorgan, the reason.