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Bayer sells mandatory convertible bond back to Lanxess
08-Jun-2005
The Bayer Group has sold the mandatory convertible bond it purchased in September 2004 back to Lanxess AG at a transaction price exceeding the nominal value. The sale of this bond is in line with Bayer's previously stated intent that it would not pursue a strategic interest with respect to ...
Lanxess spin-off accomplished
31-Jan-2005
The separation of Lanxess AG from the Bayer Group was accomplished on Friday, January 28, 2005 with the entry of the spin-off of the new chemicals group in the commercial register for Bayer AG. This completes the most fundamental restructuring in Bayer AG's history. Bayer will in future ...
Decision by Bayer's Management Board: Lanxess to be spun off to stockholders
19-Jul-2004
The Board of Management of Bayer AG decided that the Lanxess unit, currently operating as a Bayer subgroup, should be spun off to the company's stockholders and listed separately on the stock exchange at the beginning of 2005. The consent of Bayer stockholders to this measure will be sought at an ...
LANXESS starts operating independently
02-Jul-2004
LANXESS, the future company where the Bayer Group will combine almost all areas of its chemicals business and parts of its polymers activities, began operating as an independent unit on July 1, 2004.For the moment the new structure only applies internally. "We've reached an important milestone ...
