(25.06.2020) The Argentine dance known for sultry intimacy is now seen by some as something quite different: a high-risk activity. DW's Henrik Böhme says it's obvious that the takeover of Monsanto was a mistake.
If the panel determines that glyphosate does not cause cancer, plaintiffs part of the class agreement will be prohibited from filing any future lawsuit against the company.
Bayer has also agreed to pay as much as $10.9 billion to settle U.S. lawsuits claiming that Monsanto’s Roundup weed-killer caused cancer. The controversial Monsanto name will be no more after the company completes its multibillion-dollar sale to German pharmaceutical and chemical giant Bayer.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.A spokesperson for St. Louis-based Monsanto said in an email: "There will be no branding changes today.
While the deal is a major relief for Bayer, will it be enough to end the company's Monsanto nightmare? "Agriculture is too important to allow ideological differences to bring progress to a standstill," said Werner Baumann, Bayer's chairman of the board.The name of Monsanto, a company that has often been vilified for pioneering the genetic modification of crops, is about to be retired.
(20.03.2019) While the settlement amount is in line with analysts' estimates, some say Bayer may have got off lightly.
"On September 13, 2019, the NCLT approved the merger of Monsanto India Limited into Bayer CropScience Ltd. Post the merger, Monsanto products will retain their brand names and become a part of Bayer's product portfolio," Bayer said in a statement. It's one of three Spanish regions newly designated high risk. "It is financially reasonable when viewed against the significant financial risks of continued, multi-year litigation and the related impacts to our reputation and to our business," he said.By comparison, the amount that Bayer has agreed to pay to each of the 125,000 plaintiffs is less than half of what Merck paid in 2007 to settle claims over its painkiller Vioxx.The overall sum includes $1.25 billion for resolving any future claims, which will be governed by a class agreement, still subject to court approval.Bayer said it would continue appealing the first three court cases that it had lost in California last year. The German drugmaker and chemical company Bayer has finalized a $66 billion blockbuster deal to gobble up the agricultural giant Monsanto.
Key Points German conglomerate Bayer on Thursday closed its $63 billion merger with St. Louis-based agribusiness giant Monsanto. The closing … She added that in the interim, while Monsanto operates independently of Bayer, "it will be business as usual for us, including our company name."The name drop appears to be part of a strategic move geared at distancing the new behemoth from negative publicity surrounding Monsanto and genetically modified organisms.A leading-edge research firm focused on digital transformation.The decision to drop the Monsanto moniker, then, is no huge surprise. Gil Gullickson .