A federal appeals court ruled that a Dow Chemical subsidiary must pay $456 million for violating a patent licensing agreement with Bayer AG , affirming a lower court ruling. Jim Cramer ponders what motivates someone to call a market top, and talks about how the market could be playing ‘The Price Is Wrong.’
Category: Bayer AG
Bayer Sells $1.5 Billion in Covestro Stock to Trim Debt
Bayer AG sold 1.46 billion euros worth of shares in plastics maker Covestro AG to gain financial leeway as it seeks clearance for its $66 billion takeover of agriculture giant Monsanto Co. Bayer sold 22 million shares for 66.50 euros each, paring its stake in its former division to 53.3 percent, the German conglomerate said in a statement on Wednesday.
French M&A Fund Bets on Successful Deal in Syngenta Takeover
That’s according to OFI Asset Management, a Paris-based investor who’s looking to win big betting on a successful takeover of the Swiss pesticide maker. Even after a 11 percent rally in two months, Syngenta is still around 14 percent below ChemChina’s offer price of about $470 per share, which is composed of cash and a special dividend.