(Bloomberg) -- Bayer AG stock jumped as much as 6.7% after Elliott Management Corp. disclosed a 1.1 billion-euro ($1.3 billion) stake in the German drug and chemical maker.
Bayer could unlock about 30 billion euros in shareholder value once it puts litigation to over its Roundup weedkiller to rest, Elliott said Wednesday.
To contact the reporter on this story: Tom Lavell in Frankfurt at tlavell@bloomberg.net
To contact the editor responsible for this story: Beth Mellor at bmellor@bloomberg.net
