Bayer, the chemicals giant, has announced that it will not pursue a break-up 'for now' after facing a 'huge loss'. The decision comes as the company seeks to address its 'badly broken' challenges over the next 'up to 3 years'. Bayer's CEO emphasized the need for the company to tackle its legal woes, with an expectation of 'Profit Set to Fall Further'. Critics, including Breakingviews, argue that Bayer's inertia could exacerbate its problems.
Breakingviews - Bayer’s inertia will make mounting problems worse https://t.co/4RmZAPgNqo https://t.co/4RmZAPgNqo
From Breakingviews - Breakingviews - Bayer’s inertia will make mounting problems worse https://t.co/wXiWYQuBNF https://t.co/wXiWYQuBNF
Bayer Pledges to Fix Legal Woes With Profit Set to Fall Further https://t.co/f15GRp4WIb
‘Badly broken’ Bayer holds off plans for break up https://t.co/q7bj7trIdp
Bayer calls off break-up to tackle challenges for up to 3 years https://t.co/XPuzjp902m https://t.co/TxTX2Q6u3I
Bayer CEO on possible break-up: 'Not now' https://t.co/KlARpj6PwO
Chemicals giant Bayer rules out break-up ‘for now’ after huge loss https://t.co/TSCo4sAaMq