Munich/Berlin/Frankfurt — As the Bayer management digs in against a growing shareholder rebellion over the acquisition of Monsanto, attention will shift from the German company’s headquarters back to US courts.
Frankfurt am Main — Bayer CEO Werner Baumann was on the defensive at the German chemical giant’s AGM on Friday, relitigating the decision to buy US seeds and pesticides maker Monsanto before restive shareholders.
London/Frankfurt — Bayer’s largest shareholder, fund manager BlackRock, will not support the German company’s management in a key vote at its annual general meeting on Friday, say two people familiar with the situation.
Lyon — A French appeals court on Thursday said US chemicals giant Monsanto was guilty of poisoning a farmer who said he suffered neurological damage after accidentally inhaling fumes from a weedkiller made by the company.
Paris — French farmers destroyed a total of 18,000ha of rapeseed, more than double the area initially expected, following the discovery of a non-authorised genetically modified organism (GMO) in seeds, German group Bayer said.
Frankfurt — Bayer’s non-executive board reaffirmed its support for top management’s decision to acquire seed maker Monsanto last year, after losing high-profile lawsuits to US plaintiffs who claimed Monsanto’s Roundup weedkiller caused their cancer.