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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

(BAS)
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BASF : agrees to settle talc class action lawsuit for $72 mln

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07/23/2020 | 05:50pm EDT

July 23 (Reuters) - German chemical company BASF SE on Thursday agreed to pay $72.5 million to settle a class action fraud lawsuit over allegations its talc contained asbestos and caused lung injuries and cancer, court documents showed.

Under the agreement, compensation from the settlement fund can be received by those who filed a lawsuit against the company between March 1984 and March 2011 over asbestos-related injuries, but had their lawsuit dismissed or voluntarily dismissed it.

The settlement still has to be approved by a judge.

BASF does not admit any wrongdoing and maintains the allegations against it are unfounded and not true, according to Thursday's filing in New Jersey federal court in Trenton.

The BASF litigation is separate from the roughly 19,400 talc lawsuits filed against Johnson & Johnson over allegations that asbestos in its talc powders causes cancer. J&J denies the allegations, saying its talc products are safe. (Reporting by Tina Bellon in New York Editing by Chris Reese and David Gregorio)


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Sales 2020 57 198 M 66 607 M 66 607 M
Net income 2020 -1 920 M -2 236 M -2 236 M
Net Debt 2020 14 420 M 16 792 M 16 792 M
P/E ratio 2020 -25,3x
Yield 2020 6,49%
Capitalization 43 233 M 50 382 M 50 345 M
EV / Sales 2020 1,01x
EV / Sales 2021 0,98x
Nbr of Employees 117 922
Free-Float 100%
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 56,57 €
Last Close Price 47,07 €
Spread / Highest target 44,5%
Spread / Average Target 20,2%
Spread / Lowest Target -25,9%
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NameTitle
Martin Brudermüller Chairman-Executive Board & CTO
Kurt Wilhelm Bock Chairman-Supervisory Board
Hans-Ulrich Engel CFO & Vice Chairman-Executive Board
Franz Fehrenbach Independent Member-Supervisory Board
Denise Schellemans Independent Member-Supervisory Board
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