San Francisco Superior Court Judge
Suzanne Ramos Bolanos
Fifty-seven billion Euros of market cap
drain later, now their headache is taking on epic proportions...
traditionally acted as industry cheerleaders.
A decision which
concerned jurors who decided on the higher award amount in order to
send a clear message to Monsanto that they deserve to be punished
for covering up the dangers of their herbicide.
Ian Hilliker, an analyst at Jefferies LLC in London, estimated in a note to clients that based on a class action lawsuit involving 8,700 plaintiffs believed to have cancer as a result of glyphosate exposure, Monsanto's liability could reach $800 billion dollars.
To put this in perspective, the original Bayer-Monsanto buyout offer was $57 billion dollars.
Clearly, this no longer looks like an "asset" to Bayer and its stockholders.
In the tweet above, a German analyst points out that Bayer's Monsanto acquisition may have precipitated the largest destruction of market capitalization in German stock market history, standing at about 57.7 billion Euros in losses thus far.
Bayer + Monsanto = A Match Made in Hell