Inclusive Capital Partners is looking to sell a stake in Bayer AG, three years after the investment firm led by activist Jeff Ubben first disclosed a holding.
The investor is offering roughly 8.5 million shares in a stock placing arranged by JPMorgan Chase & Co., according to terms seen by Bloomberg. The stake would be worth about €327 million ($379 million) based on the German agriculture and health firm’s closing stock price on Monday, according to Bloomberg calculations.
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