Bayer, the German company battling legal claims over its Roundup herbicide, will sell its Dr. Scholl’s foot-care business for $585 million
BERLIN—German pharmaceuticals and chemicals group Bayer AG has agreed to sell its Dr. Scholl’s foot-care business to a U.S. private-equity firm for $585 million.
The unit is among assets Bayer marked for disposal last fall, aiming to boost profitability and address investor worries about the company and mounting legal liabilities tied to its Roundup herbicide.
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