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Bayer Aktiengesellschaft (0P6S.IL)

IOB - IOB Delayed price. Currency in EUR
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51.56-1.21 (-2.28%)
As of 06:45PM GMT. Market open.
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    Investors want $2.5 billion in class action over Bayer's Monsanto deal

    Investors are demanding around 2.2 billion euros ($2.5 billion) from Bayer as part of a possible class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto, law firm Tilp said on Monday. The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more than 1 billion euros that Tilp disclosed last month.

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    Investors want $2.5 billion in class action over Bayer's Monsanto deal-report

    Investors are set to demand around 2.2 billion euros ($2.5 billion) from Bayer as part of a possible class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto, WirtschaftsWoche reported on Monday. Citing a statement from specialist law firm Tilp Rechtsanwaltsgesellschaft, the magazine said that as of Dec. 31, the sum covered lawsuits from about 320 investors, both institutional and retail. Tilp has said it believes Bayer deceived shareholders about the risks of consumer lawsuits pending in the United States linked to the weed killer Roundup, which was brought into the company with the $63 billion acquisition of Monsanto in 2016.