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MarketScreener Homepage  >  Equities  >  Xetra  >  Bayer AG    BAYN   DE000BAY0017

BAYER AG

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Bayer : says Monsanto's list of influential people was not illegal

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09/05/2019 | 06:04am EDT
FILE PHOTO: Protests ahead of German drug and crop chemical maker Bayer's annual general meeting

FRANKFURT (Reuters) - Bayer said a law firm it had commissioned to investigate a compilation of data on journalists, politicians and researchers by Monsanto had found no evidence of illegal behavior by the seed maker that Bayer acquired last year.

French prosecutors in May had opened an inquiry after newspaper Le Monde filed a complaint alleging that Monsanto - bought by Bayer for $63 billion - had kept files of influential people in a bid to sway public opinion on its pesticides.

"There is no question that the ... stakeholder lists created were detailed, methodical, and designed to strongly advocate Monsanto's positions to stakeholders and to the public. But ... we did not find evidence to support the French media's allegations regarding the illegality of the stakeholder lists," Bayer quoted the report by law firm Sidley Austin LLP as saying.

(Reporting by Ludwig Burger; Editing by Thomas Seythal)

Stocks treated in this article : Vilmorin & Cie, Bayer AG
Stocks mentioned in the article
ChangeLast1st jan.
BAYER AG 0.07% 68.06 Delayed Quote.12.38%
VILMORIN & CIE 0.00% 48.8 Real-time Quote.-4.99%
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Financials (EUR)
Sales 2019 46 067 M
EBIT 2019 8 274 M
Net income 2019 3 199 M
Debt 2019 37 472 M
Yield 2019 4,17%
P/E ratio 2019 21,2x
P/E ratio 2020 13,9x
EV / Sales2019 2,19x
EV / Sales2020 2,06x
Capitalization 63 469 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 78,94  €
Last Close Price 68,15  €
Spread / Highest target 80,5%
Spread / Average Target 15,8%
Spread / Lowest Target -43,1%
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NameTitle
Werner Baumann Chairman-Management Board
Werner Wenning Chairman-Supervisory Board
Wolfgang U. Nickl Chief Financial Officer
Katharina Jansen Head-Science & Research
Hartmut Klusik Head-Human Resources, Technology & Sustainability
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