Court Proposes Resolution To Bayer-Schering Dispute

Law360, New York (February 7, 2008, 12:00 AM EST) -- In an attempt to put to rest an ongoing legal dispute between Bayer AG and minority shareholders of Bayer acquisition Schering AG, a German court on Thursday reportedly proposed a settlement.

The Berlin-based court suggested that Bayer raise its offer for Schering by around 10% as part of an out-of-court settlement, Dow Jones reported.

The court said that some of the shareholders' objections over Bayer's calculations of Schering's value at the time of sale were “plausible.” For instance, their contention that the risk of future competition...
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