Bayer AG reached an $80 million settlement with Ohio to resolve environmental damage allegedly caused by polychlorinated biphenyls, or PCBs, made by the company’s Monsanto business, the state attorney general said on Thursday. The funds from the German company, which did not admit liability, will be used for environmental cleanup, the attorney general said. Monsanto, which Bayer acquired for $63 billion in 2018, never manufactured PCBs in Ohio or discharged them into Ohio waterways, Bayer said in a statement. PCBs were once used widely to insulate electrical equipment, and were used in carbonless copy paper, caulking, floor finish and paint. They were outlawed by the U.S. government in 1979 after being linked to cancer. Bayer has been trying to resolve a number of lawsuits related to Monsanto’s PCBs, which were used in commercial products from 1935 until 1977, when Monsanto voluntarily ceased production. In addition to reaching legal settlements with …