Why Covid-19 shutdown may benefit Bayer in Roundup talks

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ST. LOUIS — Bayer AG, which is engaged in settlement talks over lawsuits brought by 52,500 plaintiffs claiming the Roundup weedkiller caused their cancer, may benefit from the shutdown caused by the Covid-19 pandemic, analysts say.

“That gave more time to assess the impact of the pandemic and may help Bayer keep the total amount of Roundup settlements under $10 billion,” Bloomberg reported

“Bayer can be a very good opportunity today: It is a well-established company that’s very cheap at the moment,” he said. “The coronavirus outbreak has generated an even more convenient price.” Bayer was trading in the $17 range Tuesday. 

Bayer, which acquired Roundup in its $63 billion acquisition of St. Louis-based Monsanto Co. in 2018, also raised concerns about liquidity due to a recession and a possible Roundup settlement. The German company said it would consider only a “financially reasonable” settlement that resolves the potential for future claims. 

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Editor is WebTech Group (WTG). WTG is a web hosting, design, SEO, press release distribution company and news agency located in St. Louis, Missouri. Site is owned and operate multiple news sites in the region. Our objective with STLNewsMissouri.com is to offer readers a one-stop news site for Missouri news. We aggregate news from news media across the state. We do not aggregate news from all sources. We pick from those that offer RSS feeds and pick the best with eliminating those that might produce the same news stories, written differently.
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