Bayer Aktiengesellschaft (0P6S.IL)
- Reuters
Bayer welcomes ruling against BASF claim on seed businesses
BERLIN (Reuters) -Bayer on Friday welcomed a decision by an arbitration court to dismiss a claim by BASF that it overpaid for assets sold by Bayer to secure antitrust clearance for the takeover of Monsanto. BASF said it was disappointed that the arbitral tribunal did not follow its arguments.
- Zacks
Bayer (BAYRY) Earnings & Revenues Surpass Estimates in Q2
Bayer (BAYRY) beats estimates for both earnings and revenues in the second quarter of 2022.
- Reuters
Bayer says arbitration ruling over BASF claims is imminent
Bayer's chief executive said an arbitration court would soon decide on claims brought by rival BASF, saying it overpaid for assets that Bayer sold to secure antitrust clearance for the takeover of Monsanto. Bayer CEO Werner Baumann told analysts in a call on Thursday that the ruling was expected "shortly" and that there was hardly any potential to seek recourse should Bayer disagree with the verdict. BASF in 2019 took Bayer to a previously agreed arbitration court, claiming that Bayer had not fully disclosed personnel costs when it negotiated the sale of two assets bundles.
