Buying the Bayer division will significantly bulk up its pet business at a time when the agricultural sector has turned more volatile. “We see this as a nice complement. It is possible you typed the address incorrectly, or the page may no longer exist. Elanco Animal Health Receives Second Request from FTC Under HSR Act. Portfolio: Adding Bayer Animal Health’s business accelerates Elanco’s portfolio transformation by elevating Companion Animal to nearly half of the overall business. We're sorry, but there is no page on the site that matches your entry. Bayer first announced its planned departure from the animal health market in late 2018, stating it would be shifting its focus to its pharmaceuticals, consumer health, and crop science segments. The pet owner, the veterinarian and the farmer win in this transaction.”Shares of Elanco have been under pressure since news of the potential transaction first surfaced earlier this summer. Bank of America Merrill Lynch and Credit Suisse acted as financial advisers to Bayer, while Sullivan & Cromwell, PwC Legal and Linklaters served as its legal advisers.
The transaction is expected to close in mid-2020.Jeff Simmons, chief executive officer at Elanco, discusses his company’s purchase of Bayer AG’s animal-health unit.“This will create the No. Elanco finished trading on Monday up 24% since its 2018 stock-market debut. “Now we’re able to respond to the marketplace: There’s been no change in our strategy, this is about growth and innovation,” he said.Elanco intends to work with regulators on potential antitrust issues, but sees the two portfolios as complementary.Goldman Sachs served as financial adviser to Elanco, while Paul, Weiss, Rifkind, Wharton & Garrison LLP and Hengeler Mueller were its legal counsel. Elanco has been preparing for the merger, including an April announcement that it would add Joyce Lee, head of Bayer Animal Health’s North American operations, to its executive team. The deal marks Elanco’s third acquisition in less than two months, with the purchases of Aratana Therapeutics in July and food animal vaccine startup Prevtec Microbia last week. German drug giant Bayer AG will receive $5.32 billion in cash and $2.3 billion in Elanco Animal Health common shares.
Photographer: Frank Rumpenhorst/picture alliance via Getty ImagesPhotographer: Frank Rumpenhorst/picture alliance via Getty ImagesElanco, which was spun out from drugmaker Eli Lilly & Co. last year, will finance the acquisition with a mix of cash and stock. Bayer shares traded in Germany were down less than 0.1%.Elanco, based in Greenfield, Indiana, expects the deal to add to its adjusted earnings per share in the first full year after it closes. GREENFIELD, Ind. 2 animal-health company,” Elanco Chief Executive Officer Jeffrey Simmons said in an interview. “The deal is dilutive to shareholders. The combination creates access to new segments of the parasiticides market with topical treatments and collars, and propels Elanco into expanding pet e-commerce and retail spaces.
The combination creates access to new segments of the parasiticides market with topical treatments and collars, and propels Elanco into expanding pet e-commerce and retail spaces. Elanco Animal Health Inc. clinched the purchase of Bayer AG’s animal-health unit in a deal valued at $7.6 billion, creating one of the biggest stand-alone veterinary-medicine companies in the world. You may wish to try another entry or choose from the links below, which we hope will help you find what you are looking for.If you believe that this page should exist, please send an email to Thanks for your patience, understanding, and help.Learn why we're a leading provider of innovative solutions that protect and enhance animal health.Learn why we're a leading provider of innovative solutions that protect and enhance animal health.
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