Bayer cuts forecasts on Monsanto delay as lawsuits pile up


Bayer cut its earnings forecast on Wednesday due to delays to its US$63 billion takeover of Monsanto, and said sales of its consumer care products fell, hitting its shares, already reeling from a legal battle over the weed killer Roundup. FILE PHOTO: The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal, Germany February 24, 2014.



from Biotech News