Within expectations: Bayer logo is seen at the group’s coumpound in Berlin. The headline number of US$11bil is in the region that analysts had estimated Bayer would cost to settle litigation around Roundup. — AFP
BAYER AG has at last reached a settlement to end most of the current lawsuits alleging its Roundup weedkiller causes cancer. Whether the German life-sciences group has put this saga completely behind it is less clear, but it has achieved what closure it can.
The headline number of US$11bil is in the region that analysts had estimated it would cost to settle litigation around the product, which was inherited in the acquisition of Monsanto Co in 2018.
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