Top 10 lists are fun... This one isn't. A California jury awarded $2B from Bayer to two non-Hodgkin Lymphoma suffers. Blame Bayer's Roundup weedkiller for causing it (according to the verdict). It’s the 8th biggest product-defect award ever, so Bayer’s appealing as its shares fell 2% Tuesday.
FYI, the World Health Org. thinks Roundup probably causes cancer. America’s EPA doesn’t.
What’s the return policy on Monsanto?… Germany’s top chemical company was built through the humble invention of Aspirin in 1899. A century later, Bayer dabbled in high-finance by acquiring US-based Monsanto last year for $66B. Here's what it's received from the St. Louis company:
Look out for major baggage… The merger and acquisition process involves “due diligence” — pretty much a full corporate checkup to make sure there’s nothing unexpected in the company being acquired. Bayer missed this giant legal liability when it acquired Monsanto. Look out for weeds.