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Bayer to Sell Animal-Health Unit to Elanco for $7.6 Billion – The Wall Street Journal

Bayer to Sell Animal-Health Unit to Elanco for $7.6 Billion – The Wall Street Journal

BERLIN—Bayer AG is selling its animal-health business to an American rival for $7.6 billion, part of the German drug-and-chemicals giant’s plan to divest assets amid mounting legal liabilities from its Roundup herbicide. The deal to sell the unit to Elanco Animal Health Inc., based in Greenfield, Ind., would create a new industry heavyweight in the…

BERLIN—Bayer AG is promoting its animal-health industrial to an American rival for $7.6 billion, half of the German drug-and-chemicals huge’s concept to divest sources amid mounting goal correct liabilities from its Roundup herbicide.

The deal to promote the unit to Elanco Animal Effectively being Inc., based mostly completely in Greenfield, Ind., would uncover a original industry heavyweight within the industrial of combating and treating diseases for pets and livestock. The blended firm would fill a market allotment of roughly 13%, making it the 2d-biggest animal-health firm…

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