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TIMEBOMB! Bayer Offers $8 Billion To Settle Roundup Cancer Claims

Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, would ease investor pressure over massive litigation exposure the German drug and chemical giant took on with its $63 billion purchase of the weedkiller’s maker, Monsanto Co. The fallout has weighed on the stock price, prompted an unprecedented shareholder vote of no confidence in the company’s management and fueled speculation about a breakup. (READ MORE)


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