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 …