August 9, 2019 / 1:05 PM / 11 days ago

Bayer has not proposed paying $8 billion to settle U.S. Roundup claims - mediator

FILE PHOTO: The so-called 'Chempark', the main plant and headquarters of German pharmaceutical and chemical maker Bayer AG is pictured along the river Rhine in Leverkusen, Germany, July 3, 2019. REUTERS/Thilo Schmuelgen/File Photo

(Reuters) - Bayer AG has not proposed paying $8 billion (£6.6 billion) to settle all U.S. claims related to the Roundup herbicide, mediator Ken Feinberg said in an email on Friday.

“Such a statement is pure fiction,” Feinberg said. “Compensation has not even been discussed in the global mediation discussions.”

Bayer acquired Roundup and other glyphosate-based weedkillers through its $63 billion takeover of Monsanto last year. It has faced a wide array of litigation over Roundup’s alleged cancer risks.

Reporting by Jonathan Stempel in New York; Editing by Steve Orlofsky

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