Bayer AG - Stockholders' Newsletter Third Quarter 2007 - Bayer delists from the New York Stock Exchange

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Bayer delists from the New York Stock Exchange

Leverkusen. Bayer AG has delisted its American Depositary Shares from the New York Stock Exchange (NYSE). The shares were traded for the last time on the NYSE on September 26. The company also plans to file for deregistration with the Securities and Exchange Commission (SEC), resulting in termination of the respective reporting obligations. Since the end of September, Bayer’s American Depository Shares have no longer been traded on the NYSE but can still be bought and sold in the U.S. over-the-counter market. Bayer will maintain a high level of transparency in its financial reporting in order to meet the requirements of international investors. The company expects the delisting to save some €15 million annually.