(Reuters) -Bayer said on Monday it reached agreements in principle with more than 200 plaintiffs to resolve the so-called Sky Valley Education Center product liability cases related to the chemical PCB, but said payments were already reflected in recent financial reporting.

Bayer said in its statement that the terms of the agreements of its Monsanto unit over environmental pollution with PCB, short for polychlorinated biphenyls, were confidential and subject to approval of final settlement agreements by the parties.

The cost of the additional settlements was covered by the PCB litigation provision taken in the second quarter, it added.

Bayer shares extended gains after the news and were up 2.7% by 1305 GMT, reaching a two-week high.

Previous adverse verdicts in the litigation linked to

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