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Elliott calls for shareholder vote on Uniper domination agreement

FILE PHOTO: A logo of German energy utility company Uniper SE
FILE PHOTO: A logo of German energy utility company Uniper SE is pictured in the company's headquarter in Duesseldorf, Germany, March 8, 2018. REUTERS/Thilo Schmuelgen/File Photo

March 21, 2019

FRANKFURT (Reuters) – Activist investor Elliott has called for a shareholder vote to instruct German utility Uniper’s management to enter negotiations with top investor Fortum over a domination agreement.

Elliott, Uniper’s second-largest shareholder with 17.84 percent, wants its motion to be discussed at the group’s next annual general meeting on May 22, it said, adding that it would otherwise ask for an extraordinary general meeting.

Its proposal comes a month after Uniper and Fortum announced fresh cooperation talks in an attempt to repair their relationship, which has been strained ever since the Finnish state-owned group launched its hostile takeover attempt in 2017.

(Reporting by Arno Schuetze and Christoph Steitz; Editing by Riham Alkousaa)

Source: OANN

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Australian PM boosted by re-election of ruling party in largest state

Prime Minister Morrison speaks to the media during a press conference at Parliament House in Canberra
Prime Minister Scott Morrison speaks to the media during a press conference at Parliament House in Canberra, Australia, March 20, 2019. AAP Image/Andrew Taylor/via REUTERS

March 23, 2019

By Colin Packham

SYDNEY (Reuters) – Prime Minister Scott Morrison’s re-election prospects got a lift on Saturday when Australia’s most populous state, New South Wales (NSW), returned his ruling Liberal Party to power.

The NSW election, less than two months before a federal poll, was seen as a test case of Morrison’s strategy to seek re-election on the back of his government’s economic record.

Speaking shortly after victory was confirmed, Morrison said the victory in NSW foreshadowed a federal victory in May.

“In two months, we’ll be back here to celebrate another Liberal/National win,” Morrison told supporters in Sydney.

Morrison’s government is, however, well behind the main opposition Labor party in the most recent polls, trailing by 54 percent to 46 percent on a two-party preferred basis.

While the Australian economy is the envy of many, NSW’s finances are in even better shape. Unemployment in NSW is at a near record low, below even the national level which on Thursday was pegged at 4.9 percent.

State coffers have also swelled, topping more than A$400 billion ($286.44 billion) last year to be worth more than the economies of Thailand, Malaysia and the Philippines, despite signs of a property price-led pullback.

But echoing national discontent, Morrison’s Liberal Party saw support ebb away in NSW as some voters felt they have not enjoyed the benefits of the soaring economy.

Despite this and the Liberal Party’s coalition partner, the Nationals on course to lose several seats that may cost the government an outright majority, the main opposition Labor party conceded NSW premier Gladys Berejiklian will retain power.

Morrison will now hope to capitalize on the victory when his government delivers its final budget ahead of the election.

The conservative government has promised to deliver the country’s first budget surplus in a decade and armed with a hefty war chest, Morrison is likely to also promise tax cuts.

(Reporting by Colin Packham; Editing by Alexander Smith)

Source: OANN

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NFL notebook: Giants wide receiver Shepard gets hefty extension

NFL: New York Giants at Atlanta Falcons
FILE PHOTO: Oct 22, 2018; Atlanta, GA, USA; New York Giants wide receiver Sterling Shepard (87) stiff arms Atlanta Falcons defensive back Sharrod Neasman (41) in the fourth quarter at Mercedes-Benz Stadium. Mandatory Credit: Brett Davis-USA TODAY Sports

April 11, 2019

The New York Giants are finalizing a four-year, $41 million contract extension with wide receiver Sterling Shepard, NFL Network reported Wednesday.

The deal includes $21.3 million in guaranteed money, according to ESPN.

Shepard, a second-round pick out of Oklahoma in 2016, set career highs last season with 66 catches for 872 yards. He has started 42 of his 43 games with the Giants, catching 190 passes for 2,286 yards and 14 touchdowns.

The Giants also re-signed wide receiver Russell Shepard (no relation), who confirmed the news on social media.

–Meanwhile, the Giants hosted former New York Jets cornerback Morris Claiborne and former Los Angeles Chargers defensive tackle Corey Liuget on free agent visits, ESPN reported.

A former first-round pick of the Dallas Cowboys, the 29-year-old Claiborne started 30 games over the last two seasons for the Jets, breaking up 22 passes and making three interceptions.

Liuget, 29, was released by the Chargers earlier this offseason. He has 24 career sacks since being drafted in the first round in 2011, though just three since 2015. He missed 10 games last season due to a suspension and a knee injury.

–Projected top-five NFL draft pick Nick Bosa admitted in an interview with ESPN that he has scrubbed his Twitter account clean of anything that could be considered political.

Bosa, a former Ohio State defensive end, frequently had tweeted his support for President Donald Trump, and he also criticized former San Francisco 49ers quarterback-turned-social activist Colin Kaepernick.

However, knowing he could wind up in a liberal city, such as San Francisco, where the 49ers hold the No. 2 pick, he chose to clean the slate.

–At least three more quarterbacks reportedly are visiting this week with the Washington Redskins, who hold the No. 15 pick in this month’s draft.

NFL Network said Duke’s Daniel Jones, Ohio State’s Dwayne Haskins and Northwestern’s Clayton Thorson all have meetings scheduled with the Redskins, who have already hosted Missouri’s Drew Lock and Auburn’s Jarrett Stidham.

Jones will visit Wednesday night and Thursday, Thorson meets with the team Wednesday, and Haskins is due sometime this week, according to NFL Network. West Virginia’s Will Grier is also expected at Redskins Park in the coming days, according to NBC Sports Washington.

–Free agent tight end Austin Seferian-Jenkins signed a contract with the New England Patriots. Terms were not announced, but multiple outlets reported it’s a one-year deal for the veteran minimum.

The team also confirmed the re-signing of kicker Stephen Gostkowski.

Meanwhile, ESPN reported the Patriots brought in former Broncos and Texans wide receiver Demaryius Thomas and former Jaguars running back T.J. Yeldon for free agent visits.

–The Jets signed former Alliance of American Football quarterback Brandon Silvers, the team announced.

Silvers, 24, started three games for the Memphis Express and passed for 777 yards, four touchdowns and one interception. In four seasons at Troy from 2014-17, Silvers passed for 10,677 yards with 71 TDs and 29 picks.

The Jets also brought former Chiefs running back Spencer Ware in for a visit and will host former Packers and Ravens running back Ty Montgomery on a visit on Thursday, ESPN reported.

–The Buffalo Bills signed former Lions and 49ers defensive end Eli Harold to a one-year deal.

Harold, 25, had a career-high four sacks along with five quarterback hits in 13 games as a reserve last season for the Lions, who acquired him from the 49ers late in training camp.

A third-round pick in 2015, Harold has nine career sacks in 61 games (25 starts).

–The Dallas Cowboys released guard Parker Ehinger and defensive tackle Aziz Shittu.

Ehinger, 26, was acquired from the Chiefs in a trade during training camp last year, but he sustained a season-ending knee injury less than a week later and missed the whole season. He started four games in 2016 and one in 2017 with Kansas City.

Shittu, 24, was on and off the Cowboys’ practice squad last season. He has not appeared in a regular-season NFL game.

–Field Level Media

Source: OANN

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India meets fiscal deficit target of 3.4 percent via spending cuts: government source

A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave

April 9, 2019

NEW DELHI (Reuters) – India has met the fiscal deficit target of 3.4 percent of gross domestic product in 2018/19 fiscal year ended March 31, by cuts in state spending and higher borrowings from small savings funds, a government source told reporters on Tuesday.

The government missed the tax collections target by over 1 trillion rupees ($14.41 billion), including about 500 billion rupees shortfall in income tax receipts, said the source, who requested anonymity.

The official declined to share further details about expenditure cuts in the fund allocations to different ministries.

(Reporting by Aftab Ahmed, Writing by Manoj Kumar, Editing by Sherry Jacob-Phillips)

Source: OANN

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Prominent Sudan protester says revolution seeks removal of whole regime

Alaa Salah, a Sudanese protester whose video gone viral and make her an icon for the mass anti-government protests, makes victory sign as she is surrounded by protesters as she tours in front of the Defence Ministry in Khartoum
Alaa Salah, a Sudanese protester whose video gone viral and make her an icon for the mass anti-government protests, makes victory sign as she is surrounded by protesters as she tours in front of the Defence Ministry in Khartoum, Sudan, April 20, 2019. REUTERS/Umit Bektas

April 23, 2019

KHARTOUM (Reuters) – A Sudanese woman who has come to symbolize for many the protests that have forced out former president Omar al-Bashir said her country’s revolution was far from over and sought to remove what she called a regime of “murder and tyranny” in its entirety.

Alaa Salah rose to prominence after a video of her addressing protesters from a car roof at the beginning of April went viral. Women have played a prominent role in protests that began on Dec. 19, often forming a majority among demonstrators.

Sudan’s military ousted Bashir on April 11 and formed a transitional military council to run the country for up to two years before elections.

Bashir and some other former senior officials have been jailed, and the military council has announced a series of anti-corruption measures, but protesters are pushing for faster, deeper change.

“Our demands are related to the removal of a corrupt regime from its roots… It destroyed Sudan. Corruption has spread (everywhere). A regime of murder and tyranny,” Salah told Reuters in an interview.

“We are currently in the squares because Bashir is part of the regime, and our idea and goal is the fall of the regime as a whole,” she said.

“We want a better Sudan, a democratic state, one that judges all in accordance with the law, without favoritism.”

“Our revolution is continuing until our demands are met.”

Salah said that when she climbed on the car she was reciting a poem by Sudanese poet Azhari Mohamed Ali, entitled “The bullet doesn’t kill. What kills is the silence of people”.

“It is an inspirational poem,” said Salah. “Its words are a very accurate description of the Sudanese street.” 

Salah has become known as a “kendaka”, a name historically given to Nubian queens in ancient Sudan.

“The Nubian queen was brave, strong and wise,” said Salah, who said her nickname should apply to all female protesters.

“All of those struggling in the street and all the squares are kendakas.”

(Reporting by Bulent Usta and Omer Berberoglu; Writing by Aidan Lewis; Editing by Gareth Jones)

Source: OANN

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Fifth Stabbing in Four Days in London Neighborhood

A neighborhood in North London saw its fifth stabbing in the past four days, leaving locals on edge as police increase patrols, according to UK media.

A man in his 30s is reportedly fighting for his life after collapsing in the street, the BBC reports.

Police discovered him suffering from a stab wound at approximately 5:00am on Aberdeen Road in Edmonton – scene of the first of four stabbings that unfolded across 10 hours between Saturday night and Sunday morning.

"The actions of the suspect, the fact that the incidents are in a similar area and the description given means that we are potentially only looking for one perpetrator," said Chief Superintendent Helen Millichap.

Police say the suspect in the latest attack was described similarly as in prior attacks – a "tall, skinny black man, wearing a hoodie."

Three suspects have been arrested in connection with the attacks, but at least one man has been released on bail and it is still unclear if the stabbings are related, although all victims were reportedly knifed in the back in a similar manner and in the same vicinity.

"I am aware that events from the weekend have caused a huge amount of worry and concern among the community, and that this incident will cause further alarm," said Detective Superintendent Luke Marks.

"While at this stage the incident has not yet been formally linked, the location and manner of this attack will be of concern to the public."

Paul Joseph Watson breaks down how the European Union has officially voted to adopt the Article 13 provision into law which would govern the production and distribution of online content under the presumption of copyright protections, but what this really means is no more creative memes.

(PHOTO: Jack Taylor/Getty Images)

Source: InfoWars

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Celine Dion announces ‘Courage’ world tour and new album

Singer Celine Dion poses before the Haute Couture Spring-Summer 2019 collection show by designer Alexandre Vauthier in Paris
FILE PHOTO: Singer Celine Dion poses before the Haute Couture Spring-Summer 2019 collection show by designer Alexandre Vauthier in Paris, France, January 22, 2019. REUTERS/Gonzalo Fuentes

April 3, 2019

LOS ANGELES (Reuters) – Pop singer Celine Dion on Wednesday announced a world tour and a new album called “Courage” that she said was inspired by life after the death of her husband.

Dion, 51, gave the news at a live performance show in Los Angeles that was broadcast on Facebook Live and watched by more than 11,000 fans around the world.

The French-Canadian singer, best known for the “Titanic” movie theme song “My Heart Will Go On,” has been performing in Las Vegas on and off since 2003 but said last year her concert residency in the city would end in June.

“I think it’s time for a change, time to hit the road,” she said on Wednesday.

The “Courage” tour – her first in the United States for 10 years – will kick off in Quebec City, Canada in September. Dion said the album, also called “Courage,” will be released “roughly in November.” She did not give dates for the rest of the world.

The singer said the album’s title was inspired by the 2016 death from throat cancer of her husband and manager Rene Angelil. The couple had three children.

“When I lost Rene, he wanted me back on stage. He wanted to make sure I was still practicing my passion,” she said. “I wanted to prove to him that I’m fine, we’re fine, we’re going to be ok. I’ve got this.”

Dion, a five-time Grammy winner, sang around the world in 2007 with her “Taking Chances” tour that was one of the highest-grossing tours of that year.

She also performed in Asia and Australia in 2018 in support of her greatest hits album.

Her last English-language studio album, “Loved Me Back to Life,” was released in 2013, and she released “Encore un Soir” in French in 2016.

(Reporting by Jill Serjeant; Editing by Chris Reese)

Source: OANN

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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Explosions have rocked Britain’s largest steel plant, injuring two people and shaking nearby homes.

South Wales Police say the incident at the Tata Steel plant in Port Talbot was reported at about 3:35 a.m. Friday (22:35 EDT Thursday). The explosions touched off small fires, which are under control. Two workers suffered minor injuries and all staff members have been accounted for.

Police say early indications are that the explosions were caused by a train used to carry molten metal into the plant. Tata Steel says its personnel are working with emergency services at the scene.

Local lawmaker Stephen Kinnock says the incident raises concerns about safety.

He tweeted: “It could have been a lot worse … @TataSteelEurope must conduct a full review, to improve safety.”

Source: Fox News World

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The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

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At least one person is reported dead and homes have been destroyed by a powerful cyclone that struck northern Mozambique and continues to dump rain on the region, with the United Nations warning of “massive flooding.”

Cyclone Kenneth arrived just six weeks after Cyclone Idai tore into central Mozambique, killing more than 600 people and displacing scores of thousands. The U.N. says this is the first time in known history that the southern African nation has been hit by two cyclones in one season.

Forecasters say the new cyclone made landfall Thursday night in a part of Mozambique that has not seen such a storm in at least 60 years.

Mozambique’s local emergency operations center says a woman in the city of Pemba was killed by a falling tree.

Source: Fox News World

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German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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