Bayer to pay up to $10.9 billion to settle bulk of Roundup weedkiller cancer lawsuits

FRANKFURT/NEW YORK (Reuters) - Bayer AG , after more than a year of talks, agreed to pay as much as $10.9 billion (8.77 billion pounds) to settle thousands of U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the company's share price. The German drugs and pesticides maker has come to terms with about 75% of the 125,000 filed and unfiled claims overall, it said in a statement on Wednesday of the deal to end legal disputes it..