(Bloomberg) — Bayer AG plans to add activist investor Jeffrey Ubben to its supervisory board in the latest shakeup at the troubled chemicals and drugs company before a capital markets event next week. Ubben, the founder of Inclusive Capital Partners in California, is one of three new independent candidates that the German company will propose…
Bayer Taps Activist Investor Jeffrey Ubben for Supervisory Board swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Bayer plans to slash dividends to reduce $42B debt fiercepharma.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fiercepharma.com Daily Mail and Mail on Sunday newspapers.
Bayer Crop Science Business up 26 Percent agwired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agwired.com Daily Mail and Mail on Sunday newspapers.
Shares in Bayer dropped as much as 5.7% on Monday after the embattled German company was ordered to pay $2.25 billion in damages, the highest amount yet in its ongoing litigation linked to an alleged carcinogenic effect of its Roundup weedkiller. A jury in a Philadelphia court on Friday ordered Bayer to pay $2.25 billion to a Pennsylvania man who said he developed cancer from exposure to the Roundup weedkiller, based on the chemical glyphosate. Shortly after the 0800 GMT open, Bayer shares fell 5.7% to their lowest in about eight weeks, before trimming the losses to last trade down 4.6%.