FRANKFURT (Dow Jones) — Shares of Bayer and Siemens fell slightly in after-hours trading on Monday. Bayer has also failed in the second attempt in the USA to have the long-standing legal dispute over the alleged cancer risks of its weed killer glyphosate examined by the highest court. The Supreme Court denied Bayer’s motion for revision in the case of plaintiffs Alberta and Alva Pilliod. This means that the compensation of almost $87 million awarded to the couple by a Californian court has become final. The stock was rated 0.8 percent lower at Lang & Schwarz with very thin sales.
The Siemens title lost, also with very low sales, 0.3 percent. The group strengthens itself with an acquisition in the software sector and takes over Brightly Software from the USA, a provider of software for plant and maintenance management. The purchase price is US$1.575 billion plus a performance-related component.
The papers from bet-at-home were taxed 1.8 percent lower. The online sports betting provider has lost a lawsuit in Switzerland and has also lowered its outlook for the 2022 financial year. The company now expects gross betting and gaming revenue of between EUR 45 and 50 million and EBITDA of between minus 2 and minus 4.5 million euros, according to a statement. The company had previously assumed gross betting and gaming revenue of between EUR 50 and 60 million and EBITDA of between minus 2 and plus 2 million euros.
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XDAX* DAX change
10:15 p.m. 5:30 p.m
13.162 13.186 -0,2%
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*The XDAX reflects the development of the interest-adjusted DAX futures.
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DJG/ros
(END) Dow Jones Newswires
June 27, 2022 16:39 ET (20:39 GMT)
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