Deals
Bayer Agrees to Increase Payout for Ex-Schering Shareholders
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Bayer AG settled two court cases filed by former shareholders of Schering AG over how much they were entitled to receive in the 17 billion-euro ($19.5 billion) takeover.
Minority investors will get an additional 19.02 euros per share to the 98.98 euros they received under proceedings that Bayer used to force them to sell. In the second deal, Bayer will pay some shareholders who tendered their stock for the 89.36 euros offered under a so-called domination agreement Bayer used at the time, get an extra 28.64 euros.