FRANKFURT, March 7 (Reuters) - Top three Bayer
shareholder Harris Associates on Thursday came out in
strong support of the drugmaker's strategy to suspend work on a
separation of the diversified group and to focus on improving
the company's operating performance.
(CEO) "Bill Anderson is absolutely taking the right path to
enhance value creation at Bayer which will benefit all of
Bayer's stakeholders," Harris Associates' Vice Chairman David
Herro told Reuters in a written statement, responding to a
request for comment on the group's capital markets day this
week.
He said the CEO was rightly focusing on efforts to "turn
three very good businesses into great businesses".
"Once this is accomplished, then you have optionality in
terms of corporate structure," Herro added.