It took almost two years, but it's finally done — with its purchase of US seed and pesticide producer Monsanto, German giant Bayer becomes the largest agrochemical company in the world.
Pharmaceutical company Bayer is heading for a restructuring that would see it shed 12,000 jobs in various countries, the firm's representatives said. The German giant took over US-based Monsanto earlier this year.
A US judge has denied Monsanto a new trial after finding the agrochemical company liable for its cancer-causing product. The verdict dragged down shares in Monsanto's German parent, Bayer.
Germany's giant chemicals conglomerate, Bayer, has completed its takeover of US-based Monsanto. The Monsanto name, long touted by activists as a byword for corporate evil, will disappear. So now it's all good, right?
Shares in German pharmaceuticals and chemicals giant Bayer have taken a dive to their lowest level in five years. Investors reacted to a shock US ruling against Monsanto, which now belongs to the Leverkusen-based firm.
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