Bayer Wins Backing of Glass Lewis, ISS Despite Share Decline
- CEO Bill Anderson will oversee his first AGM later this month
- Bayer shares have tumbled more than 70% since Monsanto deal
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Two shareholder proxy services recommended that investors vote in support of Bayer AG’s management and supervisory boards at this month’s annual shareholder meeting, even though the company’s shares recently fell to their lowest level since 2005.
The recommendations from Institutional Shareholder Services Inc. and Glass Lewis offer a boost to Chief Executive Officer Bill Anderson, who’s preparing to oversee his first shareholder gathering at Bayer, an event that often grows heated. The stock is down more than 50% since last April.