FRANKFURT, June 14 (Reuters) – Germany’s Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it would invest 5 billion euros (CDN $7.5 billion) in weedkiller research. Bayer’s shares hit seven-year lows after a California couple was last month awarded more than […] Read more
Tag Archives Bayer
Sask. farmer leads class action glyphosate lawsuit
A Moose Jaw, Sask., farmer who was diagnosed with cancer five years ago is leading a class action lawsuit against Bayer and Monsanto. The lawsuit, filed in Saskatchewan, contends that exposure to Roundup herbicide contributed to his cancer and the cancer of other Canadians participating in the class action. As well, the suit claims Monsanto, […] Read more
U.S. jury finds Bayer’s Roundup caused man’s cancer
March 19 (Reuters) – A U.S. jury on Tuesday found Bayer AG’s glyphosate-based weed killer caused a man’s non-Hodgkin’s lymphoma in a bellwether trial that may help determine the course of hundreds of similar cases. The finding by the unanimous jury in San Francisco federal court clears the way for that same jury to determine […] Read more
U.S. trial tests claim chemicals in Roundup caused cancer
(Reuters) — Bayer AG faced a second American jury Feb. 25 over allegations that its popular glyphosate-based weed killer Roundup causes cancer. The trial comes six months after the company’s share price was rocked by a US$289 million verdict in California state court. The lawsuit by California resident Edwin Hardeman against the company began in […] Read more
Bayer reaps profit lift from Monsanto seeds, consumer health
LEVERKUSEN, Germany, (Reuters) – Bayer’s $63 billion purchase of U.S. seeds maker Monsanto made its mark on the German company’s fourth quarter earnings on Wednesday, lifting profit and boding well for the peak season of its enlarged agriculture business. However, mounting litigation risks related to Monsanto still cast a pall over an adjusted core earnings […] Read more
BASF to buy Bayer’s seed, herbicide businesses for $7 billion
FRANKFURT, Oct 13 (Reuters) – BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros (US$7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto. BASF, the world’s third-largest maker of crop chemicals, has so far avoided seed assets and instead pursued […] Read more
Bayer joins in $100 million investment bet on bio fertilizer
CHICAGO, Sept 14 (Reuters) – Germany’s Bayer AG, one of the world’s biggest agricultural chemical companies, is joining a $100 million bet that the next big breakthrough in crop fertilizers will be found inside a biological Petri dish. Its Bayer LifeScience Center division, along with biotech firm Ginkgo Bioworks, is forming a startup to focus […] Read more
Bayer to sell Liberty crop protection brands in Monsanto deal
FRANKFURT, Germany (Reuters) — Bayer has agreed to sell its Liberty herbicide and LibertyLink-branded seed businesses to win antitrust approval for its acquisition of Monsanto. The divestment of the two global brands, a requirement imposed by South Africa’s Competition Commission, will account for the bulk of asset sales, worth about $2.5 billion, which need to […] Read more
Bayer to sell Liberty crop protection brands to get Monsanto deal passed
FRANKFURT, Germany (Reuters) — Bayer has agreed to sell its Liberty herbicide and LibertyLink-branded seeds businesses to win antitrust approval for its acquisition of Monsanto. The divestment of the two global brands, a requirement imposed by South Africa’s Competition Commission, will account for the bulk of asset sales, worth about $2.5 billion, which need to […] Read more
Monsanto takeover faces tough road
Bayer’s US$66 billion bid for the American company faces opposition among grower groups in Canada and the U.S.
CORRECTION – This story has been edited from its original format. This story contained proprietary information that was inadvertently provided to the Western Producer. That information has been removed. Bayer’s takeover of Monsanto would create a near-monopoly player in the canola industry, drive up seed prices and stifle innovation, say farm groups and analysts. The […] Read more
