Bayer struck a roughly $10.5 billion deal to settle thousands of lawsuits alleging its herbicide Roundup causes cancer, a person familiar with the matter said
Bayer AG is set to announce on Wednesday it struck a roughly $10.5 billion deal to settle tens of thousands of lawsuits with U.S. plaintiffs alleging the company’s Roundup herbicide causes cancer, a milestone in the German company’s legal battle that has been weighing down its share price for nearly two years, according to a person familiar with the deal.
Investors have long been waiting for a settlement to bring clarity over how much the legal battle will cost Bayer. Wednesday’s deal follows months of heated talks between...
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