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.............................. Bayer AG
Logo and Trademark..............................
Bayer AG (IPA pronunciation /ˈbaɪə/) (ISIN: DE0005752000, NYSE: BAYRY.PK, TYO: 4863) is a German chemical and pharmaceutical company founded in Barmen, Germany in 1863. Today it is headquartered in Leverkusen, North Rhine-Westphalia, Germany. It is well-known for its original brand of aspirin. In order to separate operational and strategic management Bayer AG was reorganized into a holding company in December 2003. The group's core businesses were transformed into limited companies, each controlled by Bayer AG. These companies are: Bayer CropScience AG; Bayer HealthCare AG; Bayer MaterialScience AG and Bayer Chemicals AG and the three service limited companies Bayer Technology Services GmbH, Bayer Business Services GmbH and Bayer Industry Services GmbH & Co. OHG.
Following Bayer's successful reorganization, its chemicals activities (with the exception of H.C. Starck and Wolff Walsrode) have been combined with certain components of the polymers segment to form the new company LANXESS. This change took place on July 1, 2004, with LANXESS to be listed on the stock exchange by the beginning of 2005. Bayer AG shares are listed on the Frankfurt Stock Exchange, the London Stock Exchange and on the
New York Stock Exchange.
On September 5, 2007, Bayer announced it intends to file for delisting of its American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE). It is also planned to deregister with the U.S. Securities and Exchange Commission (SEC) and thereby terminate the respective reporting obligations.
Bayer is governed by a board of management, consisting of: Klaus Kühn, Wolfgang Plischke, Richard Pott, and Werner Wenning. In 2004 Bayer Healthcare AG acquired the OTC Pharmaceutical Division of Roche Pharmaceuticals. On March 13, 2006, Merck KGaA announced a €14.6bn bid for Schering. Merck's takeover bid was surpassed by Bayer's (successful) $19.5B white-knight bid for Schering on March 23, 2006.
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