Bayer AG's board of management has decided that the Lanxess unit, currently operating as a Bayer subgroup, should be spun off to the company's stockholders and listed separately on the stock exchange at the beginning of 2005.Bayer AG's board of management has decided that the Lanxess LANXESS AG (FWB: LXSG) is a leading chemicals group with production sites and agencies all over the world: a global player in the fields of chemicals, plastics and rubber. LANXESS operations have a long history, rich with a tradition of research and discovery. unit, currently operating as a Bayer subgroup sub·group n. 1. A distinct group within a group; a subdivision of a group. 2. A subordinate group. 3. Mathematics A group that is a subset of a group. tr.v. , should be spun off to the company's stockholders and listed separately on the stock exchange at the beginning of 2005. The consent of Bayer stockholders to this measure will be sought at an extraordinary stockholders meeting in mid-November. Bayer had postponed a decision on whether to launch Lanxess by way of an initial public offering or a spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. to stockholders in order to await AWAIT, crim. law. Seems to signify what is now understood by lying in wait, or way-laying. capital market developments. |
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