Bayer slashes dividend by 95% as company faces wave of litigation over Roundup weed killer

Bayer announced plans to cut its dividend a staggering 95% over the next three years as it looks to recover from debt associated with its acquisition of Monsanto Co., which thrust the German corporation to the center of multiple lawsuits involving Roundup weed killer.The dividend cut was expected, according to Bloomberg, which said that the reduction underscores the company’s struggle to recover from its $63 billion takeover of Roundup-maker Monsanto in 2018.Bayer said it will offer investors only the legal ...