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HEALTHCARE: Bayer (BAYNGR: Baa2 neg / BBB / BBB): Antonou Roundup mistrial

HEALTHCARE

Won't move spreads

  • Antonou case in Cook Co. Illinois ends in mistrial. Marginally positive.
  • The bigger issue for Bayer is aiming to have the Supreme court rule on FIFRA legislation over-riding state based failure-to-warn claims.
  • Bayer equity traded <€20 for the past three weeks but seems to have found some positive momentum off the lows

Bayer statement: link

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Won't move spreads

  • Antonou case in Cook Co. Illinois ends in mistrial. Marginally positive.
  • The bigger issue for Bayer is aiming to have the Supreme court rule on FIFRA legislation over-riding state based failure-to-warn claims.
  • Bayer equity traded <€20 for the past three weeks but seems to have found some positive momentum off the lows

Bayer statement: link