Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as €9.25 billion in impairments on agriculture businesses, much of it related to its Monsanto deal. TakeoverThe Roundup litigation continues to vex chief executive Werner Baumann, who orchestrated the $63 billion takeover of Monsanto that gave Bayer the embattled herbicide. The company is in talks with a large number of the remaining plaintiffs, Mr Baumann told reporters on a call. The company lost three US trials related to the product and watched as the ranks of plaintiffs filing charges multiplied. CasesThe company in June said it would pay as much as $10.9 billion to resolve Roundup litigation.

Source: The Irish Times November 03, 2020 13:18 UTC