Monsanto shareholder’s suit to block Bayer merger thrown out
A Monsanto Co. shareholder’s lawsuit to block the agricultural giant’s merger with the German chemical company Bayer AG was thrown out by a Missouri judge. The investor alleged that Monsanto’s board of directors had breached its fiduciary responsibility to shareholders by accepting Bayer’s $128 bid for Monsanto shares. The shares were worth more than that and the directors stood to reap financial windfalls from the deal, according to the complaint.St. Louis County Circuit Judge John D. Warner Jr. [node:read-more:link]