The supervisory board of Bayer is planning an extraordinary meeting to discuss a...
FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay/File Photo
Citing an unnamed board member, Wirtschaftswoche magazine said the meeting would take place in the next two or three weeks: “We can’t just carry on like this,” the person said.At Bayer’s annual shareholder meeting on Friday a majority of investors cast a vote of disapproval of top management’s actions.
On Monday, three of Bayer’s largest German investors said the drugmaker’s management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the company’s $63 billion takeover of Monsanto.
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