Elanco to buy Bayer’s animal health unit for $7.6 billion

Elanco to buy Bayer’s animal health unit for $7.6 billion

Ludwig Burger

Reuters

Elanco Animal Health Inc (ELAN.N) said on Tuesday it would buy Bayer AG’s (BAYGn.DE) animal health unit in a cash and stock deal valued at $7.6 billion, a move that would create the second largest animal health business and expand Elanco’s reach in the pet e-commerce space.

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