Seeking Alpha

Report: Bayer weighing sale of $10B plastics unit

  • Bayer (BAYRY, BAYZF) is exploring a sale of its $10B plastics unit to focus on expanding its health business, according to a Bloomberg reports.
  • Bayer reportedly is considering the options for Bayer Material Science after crosstown chemicals company Evonik (EVKIF) showed potential interest several months ago.
  • A sale of the plastics unit would take time to carve out and would coincide with a push by Bayer to make acquisitions to broaden its drug and life-science offering.
Comments (1)
  • SSnape
    , contributor
    Comments (457) | Send Message
     
    I only hope that BAYRY does not make the same mistake that I believe DD is making- divesting profitable material science/chemical assets to further consolidate its' "eggs into one basket".

     

    Long: BAYRY and DD.
    28 Apr 2014, 04:59 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs