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Monsanto hasn't been a separate company for years: Bayer bought them out for 63 billion in 2018: A coup for the Monsanto CEO, as Bayer's total market cap today
by hibikir 3y ago
Monsanto hasn't been a separate company for years: Bayer bought them out for 63 billion in 2018: A coup for the Monsanto CEO, as Bayer's total market cap today is 34 billion, and that includes all the pharma and chemical work too, not just crop science.
When they were independent, their legal team had a very successful track record, but I am told the majority of them just retired with the very large windfall they got out of that merger. Given that Bayer has a different CEO than when the merger occurred, it'd not be crazy if Bayer jettisoned all of crop science away. For all the concerns about Roundup, I'd expect the Dicamba legal risks to weigh down the value of keeping crop science at all.
It might not be remembered as as silly a merger as AOL acquiring Time Warner, but it's close.
- danielmarkbruce 3y agoWhy are they down so much?
- ryukoposting 3y agoThe Roundup lawsuits are a factor. One of their largest products is an albatross.
- dylan604 3y agoIt does stretch credibility that this kind of thing wasn't discovered during due diligence of the acquisition.
- fshbbdssbbgdd 3y agoThey didn’t expect to lose these cases. They think the scientific facts are in their favor.
- danielmarkbruce 3y agoIt's only 2.5 bill. In the grand scheme, not that much. Or, are you saying that product line now goes to zero? I don't know how much they are making out of that line.
- EasyMark 3y agowhat is to stop the law firm from doing it again in another state?
- diogenescynic 3y ago[flagged]
- Tomte 3y agoThey had a good track record in court when they were American. As soon as a foreign company bought them, juries found an appetite to convict and impose freakishly large damages.
- nolok 3y agoThe difference in value in the stock market between tech corps and other industries is so absurd. I know it's based on the value each company can extract, not on their actual critical value of what they produce, so it makes total sense, but I believe this total disconnection between the stock market goal and "people/society" goal is part of why so many feel disenfranchised and disconnected from "the economy".