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Bayer seeks outside advice on litigation as Elliott reveals stake

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Chemicals giant Bayer, under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory ...

FRANKFURT: Chemicals giant Bayer, under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a new committee to resolve a multi-billion dollar glyphosate litigation issue.

"His appointment is intended to add fresh and independent perspectives to the advice given to the Board of Management," the company said in a statement on Wednesday.

 

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