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Bayer pleads guilty to rubber chemicals price fixing.

Asia Africa Intelligence Wire

| July 21, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Chemical Business NewsBase - Chemical Week)

A fine of $66 M has been imposed on Bayer after it pleaded guilty to a felony charge of suppressing competition, after reaching an agreement with the US Department of Justice to settle charges of price fixing of rubber chemicals between 1995 and 2001. The company is to …

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