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Bayer AG (BAYGn.DE)

BAYGn.DE on Xetra

21 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Bayer says anticipates the California registration of Velum One for use in 2017 growing season
Wednesday, 19 Oct 2016 11:57am EDT 

Bayer Ag :Bayer says anticipates the california registration of velum one for use in the 2017 growing season.  Full Article

Monsanto Co - Bayer is committed to make divestitures to obtain antitrust approvals
Wednesday, 21 Sep 2016 08:25am EDT 

Monsanto Co : Bayer is committed to make divestitures if required up to $1.6 billion to obtain antitrust approvals for merger . With respect to Bayer deal, Monsanto is subject to no-shop provisions . "too soon" to say which portfolio areas of bayer may be divested, but "confident" that required regulatory approvals will be obtained .Monsanto will not be continuing its share repurchase program, co says in Monsanto-Bayer merger agreement investor Q&A.  Full Article

Monsanto Co - Bayer not required to take any material adverse divestiture action
Tuesday, 20 Sep 2016 06:18pm EDT 

Monsanto Co : Bayer not required to take any divestiture action that would likely result in 1-year loss of net sales to Bayer, co in excess of $1.6 billion . Bayer not required to take divestiture action that would reasonably likely to have material adverse effect on combined agricultural business Source - http://bit.ly/2cOtejy ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

S&P downgrades Monsanto to 'BBB' on weak operations
Thursday, 15 Sep 2016 12:08pm EDT 

S&P Global Ratings: S&P - Monsanto Co. downgraded to 'BBB' on weak operations; Ratings on creditwatch positive on planned acquisition by Bayer AG . S&P on Monsanto - Do not anticipate company's operating environment to improve for at least the next year . S&P - Lowered ratings on Monsanto based on assumption that Monsanto's financial profile to remain weak due to ongoing challenges in its key agricultural markets .S&P on Monsanto - Creditwatch placement reflects view that there is at least an even chance we could raise ratings if bayer acquisition is successful.  Full Article

Fitch says Bayer, Monsanto deal structure reflects financial risks
Thursday, 15 Sep 2016 11:59am EDT 

Fitch Ratings : fitch: bayer, monsanto deal structure reflects financial risks . Recent consolidation in the industry has led to significant reduction of consumer choice . Monsanto deal - expect intense regulatory scrutiny, particularly in us, eu .Monsanto deal- continue to expect bayer's 'a' rating will fall by at least two notches on completion, but remain in 'bbb' category.  Full Article

Fitch places Monsanto Co's ratings on negative watch
Wednesday, 14 Sep 2016 05:48pm EDT 

Fitch: Fitch places Monsanto company's ratings on negative watch .Negative watch reflects potential downgrade of Bayer's IDR to below 'A-' as a result of merger with Monsanto.  Full Article

Bayer to seek anti-trust approval for Monsanto deal from 30 jurisdictions
Wednesday, 14 Sep 2016 10:30am EDT 

: Bayer exec says co needs to seek anti trust approval from 30 jurisdictions . Monsanto CEO says unique aspect of Bayer deal is that overlaps are minimal and really very small . Monsanto CEO says have not discussed what will happen to Monsanto name, but co is flexible Further company coverage: [MON.N] [BAYGn.DE] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Bayer CEO says has encouraging feedback from regulators on Monsanto deal
Wednesday, 14 Sep 2016 09:11am EDT 

Bayer's : CEO says there is no price adjustment mechanism in the agreement with monsanto, regulatory risks are under control . CEO says had some initial contacts with regulators, have received encouraging feedback . Crop science head Liam Condon says no decision yet on leadership of new combined business . Condon says regarding political background, we've been encouraged by the feeback we've received so far in key jurisdictions .CFO says too early to talk about asset sales related to antitrust.  Full Article

Credit Suisse, Bank Of America lead financial advisors to Bayer in Monsanto deal
Wednesday, 14 Sep 2016 08:01am EDT 

: Credit Suisse acting with Bank Of America Merrill Lynch as lead financial advisors and structuring banks to Bayer in addition to providing committed financing for the Bayer/Monsanto deal (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

Bayer targeting annual cost synergies of $1.2 bln -slides
Wednesday, 14 Sep 2016 07:51am EDT 

Bayer : Says agrees to buy monsanto . Says pays last 12 month ebitda multiple of 18.6x as of may 31, 2016; consensus(3) fy 2017 ebitda multiple of 16.5x . Says deal accretive to core eps in the first full year after closing; double-digit percentage core eps accretion expected in the third full year after closing . Says targeting $1.2 billion in annual cost synergies, $0.3 billion in sales synergies after year 3 . Says dividend payout ratio of 30-40% of core eps to be maintained Further company coverage: [BAYGn.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

BRIEF-Bayer says anticipates the California registration of Velum One for use in 2017 growing season

* Bayer says anticipates the california registration of velum one for use in the 2017 growing season Source text for Eikon: Further company coverage: