ZCZC
BCN-39
GERMANY-US-CHEMICALS-MERGER-BAYER-MONSANTO
Bayer shares plunge after Monsanto cancer ruling
FRANKFURT AM MAIN, Aug 13, 2018 (BSS/AFP) – Shares in German chemicals and
pharmaceuticals giant Bayer tumbled close to 10 percent as markets opened
Monday, as investors reacted to a shock US ruling against merger target
Monsanto.
Stock in the Leverkusen-based group fell 9.7 percent to 84.30 euros
($96.04) around 9:15 am (0715 GMT), after a California jury on Friday awarded
a dying groundskeeper damages of almost $290 million, saying Monsanto should
have warned that its flagship Roundup weedkiller could cause cancer.
BSS/AFP/HR/1420