WSJ: Bayer’s Roundup Problem Sends Shares Spiraling Down

The WSJ reports:

“BERLIN—Less than a year after Bayer AG acquired Monsanto Co. and its Roundup weedkiller, the German company is stuck at what could be one of its darkest hours. Plaintiffs claiming Roundup caused their cancer have won in three jury trials, lawsuits have multiplied and damage awards so far exceed $2 billion.

Bayer is worth less today than the $63 billion it paid for Monsanto roughly a year ago.“

READ FULL STORY HERE AT THE WSJ:
https://www.wsj.com/articles/bayers-roundup-woes-send-investors-fleeing-11558266059?mod=hp_lead_pos3