eCo Event Source

Bayer agrees to sell its veterinary drugs business to Elanco for $7.6 billion

Bayer agreed to sell its veterinary drugs business to Elanco for $7.6 billion in cash and stock.
Why it matters: It creates the world’s second-largest animal health company by revenue, behind Zoetis, with a 13% market share. It also will help Bayer cut into …
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