Paul Singer’s Elliot Management has taken a stake in Bayer and wants the conglomerate to weigh splitting in two, Bloomberg reports, citing people familiar with the matter. The firm wants Bayer’s management and board to examine the possibility of breaking the company into separate pharmaceutical and agrochemical makers, the report says. No meetings between the two sides have yet taken place, the report notes.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.