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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.
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German chemicals and pharmaceuticals giant Bayer has reported lower earnings for its second quarter. The drop came as the firm presented its first financial statement after the mammoth takeover of Monsanto.
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.
After a gardener was awarded $289 million for cancer he said was a result of exposure to Roundup weed killer, Monsanto still denies the health risks of glyphosate — in everything from kids' cereal to the air we breathe.
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?