Bayer recently acquired Monsanto in a buyout many ' outsiders' questioned. Apparently, the Bayer Board of Directors did not see this coming.
"The good news is that this ruling affirms the company’s liability for causing illness from their product, and opens the door for more lawsuits and stricter regulation of agrochemicals in the future. Ian Hilliker, an analyst at Jefferies LLC in London, estimated in a note to clients that based on a class action lawsuit involving 8,700 plaintiffs believed to have cancer as a result of glyphosate exposure, Monsanto’s liability could reach $800 billion dollars. To put this in perspective, the original Bayer-Monsanto buyout offer was $57 billion dollars. Clearly, this no longer looks like an “asset” to Bayer and its stockholders."
Read the article at;
https://www.naturalblaze.com/2018/10/bayer-stock-crashes-after-monsanto-cancer-verdict-upheld-by-judge-analyst-estimates-800-billion-in-future-liability.html
