German Court OKs Bayer-Schering Merger

Law360, New York (May 3, 2007, 12:00 AM EDT) -- A German court on Thursday dismissed two suits brought by Schering AG shareholders in objection to the company’s merger with Bayer AG.

First, the District Court of Berlin dismissed as unfounded an action contesting a domination and profit-and-loss transfer agreement approved at a Schering stockholders meeting in September 2006. The district court also ruled that the legal actions did not mean the merger shouldn’t have been recorded in the commercial register or prejudice the deal, Bayer said.

“Bayer considers that the district court’s ruling fully confirms...
To view the full article, register now.