Ongoing talks: Baumann said at the end of July that he’d consider a financially reasonable settlement. — AFP
SAN FRANCISCO: Bayer AG is proposing to pay as much as US$8bil to settle more than 18, 000 US lawsuits alleging its Roundup herbicide causes cancer, according sources.
Though an agreement may not be imminent, if successful it would ease investor pressure over massive litigation exposure that has weighed on the stock price and fuelled speculation about a breakup of the German drug and chemical giant.
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!
