Bayer shares gain on prospect of second activist pushing for change

📆 1/11/2023 4:40 PM
📰 Reuters

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Bayer is facing demands from activist investor Bluebell Capital Partners to break up, a person familiar with the matter told Reuters, pushing shares in the diversified health and agriculture group to a five-week high.

CEO Larry Fink to quit, in part because of the fund giant's environmental, social and governance efforts.

Markus Manns, a portfolio manager at top-10 Bayer shareholder Union Investment, said it would be the responsibility of a new chief executive to review the company structure.

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