Bayer sells animal health business for $7.6 billion

Elanco Animal Health Inc. has agreed to buy Bayer AG's animal health business, according to a release from Elanco. The transaction is valued at $7.6 billion, and is subject to regulatory approval and other closing conditions. According to the release, the acquisition will double Indiana-based Elanco's companion animal business. "In our first four quarters as an independent company, we have validated the sign ificant value creation potential from a dedicated focus on animal health and a targeted…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news