It’s Official: Elanco To Purchase Bayer Animal Health

Elanco Animal Health has entered into a definitive agreement to acquire Bayer Animal Health, the companies announced separately on Tuesday. The transaction is valued at $7.6 billion, including $5.3 billion to be paid in cash and $2.3 billion in equity. Subject to regulatory approval and other customary closing conditions, the deal is expected to be finalized in mid-2020, according to the press releases.

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