Legal troubles: The Bayer AG logo sits on a sign beside a field of crops at a farm in Abbenes, Netherlands. While acquiring Monsanto made Bayer the biggest seed and agricultural chemicals maker in the world, the purchase has been dogged by a series of regulatory challenges and legal pitfalls. — Bloomberg
BERLIN: Delays to Bayer AG’s US$63bil purchase of agricultural giant Monsanto pushed the acquisition past the new unit&’s;s busiest season, and the company said earnings for the year will be lower than forecast.
Core earnings per share will probably reach about €5.7 to €5.9 euros, the Leverkusen, Germany-based company said in a statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
