Bayer more stringent in glyphosate settlement talks due to downturn [CNBC]
BAYER AG S/ADR (BAYRY)
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Source: CNBC
The Bayer AG logo sits on the exterior of the drugmaker's offices in Berlin, , on Friday, Dec. 1, 2017.Krisztian Bocsi | Bloomberg | Getty ImagesGerman drugs and pesticides companyThe pandemic has significantly slowed the mediation process, it said in a statement on Monday."The company will consider a deal only if it is financially reasonable and puts in place a mechanism to resolve potential future claims efficiently.Against the background of a looming recession and looking at, in part, considerable liquidity challenges, this applies now more than ever," Chief Executive Werner Baumann said.The company added that fourth-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 10.2% to 4.39 billion euros ($4.76 billion), beating average analyst expectations of 4.17 billion, according to Refinitiv data.
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