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| Bayer AG in Germany plans to spin off a large part of its chemicals and plastics businesses into a new publicly held company to be called Lanxess. Among other provisions, the Act lists eight types of services that are "unlawful" if provided to a publicly held company by its auditor: In the end, Cartel would end up owning "60 percent to 70 percent" of the new, ongoing publicly held company, armed with $15 million for a national roll-out, said Orlanski. |
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