Bayer shares plummet: CEO Bill Anderson wants to stop the crash with restructuring and job cuts. The former most valuable German DAX company has lost more than 70 percent of its value on the stock exchange since purchasing the glyphosate manufacturer Monsanto in June 2018.
Bayer is currently worth a good 27 billion euros - much less than it once spent on the $63 billion takeover of Monsanto. Bayer recently lost a series of glyphosate lawsuits and was recently sentenced by a jury to a record fine of $2.25 billion.