Bloomberg News

Bayer CEO Won’t Bow to Pressure to Divest Plastics, Boersen Says

March 13, 2012

Bayer AG (BAYN) Chief Executive Officer Marijn Dekkers won’t yield to pressure from investors to sell the company’s plastics businesses, Boersen-Zeitung reported, citing an interview with the executive.

While he is approached “almost daily” by some investors to separate the material science unit from the pharmaceutical and crop science businesses, investors that prefer strictly focused companies aren’t loyal shareholders, the newspaper reported Dekkers as saying.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus