Saturday, December 2, 2023

Bayer investor Artisan calls for breakup of company

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Business & FinanceDeals

Reuters exclusively reported that Artisan Partners is requesting the “de-merging” two of Bayer’s three business arms, adding to a chorus of demand for change from other investors. 

Market Impact

Artisan’s call will add to the pressure on Bill Anderson, who was brought in from Swiss rival Roche (ROG.S) to take on the top job in June. Anderson has been tasked with reviving Bayer’s share price, which has underperformed rivals, weighed down by the lingering costs of U.S. weed killer litigation. 

Article Tags

Topics of Interest: Business & FinanceDeals

Type: Reuters Best

Sectors: Pharmaceuticals & Healthcare

Regions: Europe

Countries: Germany

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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