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Bayer Seeks to Reassure Investors on Roundup Settlement Talks

  • German company is said to discuss litigation with shareholders
  • Move follows investor rebuke of management at annual meeting
Werner Baumann, chief executive officer of Bayer AG.

Werner Baumann, chief executive officer of Bayer AG.

Photographer: Jasper Juinen/Bloomberg

Bayer AG Chief Executive Officer Werner Baumann sought to reassure German investors about the prospects of settling litigation over the company’s Roundup weedkiller, an effort to regain their confidence after an unprecedented rebuke at the company’s shareholder meeting in April.

The embattled CEO held a series of meetings in Frankfurt this week with key shareholders, according to people familiar with the situation. The outreach comes as the company battles thousands of lawsuits from people who say the weedkiller caused their cancer. Bloomberg Intelligence analysts have said the cases could result in a settlement of as much as $10 billion.