elanco announces acquisition of bayer animal health

The transaction, valued at $6.89 billion, expands Elancos scale and capabilities, positioning the company for the long term as a leader in the attractive, durable animal health industry. Stock received by Bayer was subject to a 7.5% symmetrical collar centered on Elanco's volume-weighted average price for … Janssen Reports sBLA Submission to the US FDA for Darzalex Faspro (daratumumab and hyaluronidase-fihj) to Treat Patients with Light Chain (AL) Amyloidosis (August 3, 2020) – Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. The company continues to progress … Elanco Animal Health Incorporated (NYSE:ELAN) today announced its first business restructuring just two months following the closing of its acquisition of Bayer Animal Health. In the same year the business announced it would acquire Bayer’s animal health business for $7.6 billion. Scale and capabilities of the combined company position Elanco for the long term as a leader in the attractive, durable animal health industry. But fewer people know that Bayer is also in the animal drug business—a business it plans to shed, assuming the U.S. Department of Justice’s antitrust division approves Bayer’s plan to sell Bayer Animal Health to Elanco Animal Health. Bayer Animal Health is no more. Despite a closer look from the U.S. Federal Trade Commission, Elanco maintained that it still expects the $7.6 billion acquisition of Bayer's animal health deal will close as planned. Elanco Animal Health has received unanimous approval from the U.S. Federal Trade Commission (FTC) for its proposed acquisition of Bayer Animal Health, a division of Bayer AG.The FTC decision represents the final antitrust clearance needed to complete the transaction, which is on track for closing at the beginning of August. The one-time subsidiary of Germany-based Bayer AG has been absorbed by Elanco Animal Health in a merger that creates the world’s second-largest manufacturer of pet and livestock medicines and vaccines. The proposed acquisition of Bayer's animal health division by Elanco has been approved by the European Commission (EC). [11] [12] [13] On December 3, 2020, Elanco announced plans to build a new global headquarters in Indianapolis at the site of the former GM stamping plant, which is located across the White River from the downtown area. GREENFIELD, IN, Feb. 24, 2014 /PRNewswire/ -- Elanco, the animal health division of Eli Lilly and Company (NYSE:LLY), today announced an agreement to acquire Lohmann SE (Lohmann Animal Health), a privately-held company headquartered in Cuxhaven, Germany. On September 25, Elanco repaid $100 million of its $4.275 billion Term Loan B. Elanco Animal Health Incorporated (NYSE: ELAN) today announced that the European Commission (EC) has granted approval of Elanco’s pending acquisition of Bayer AG’s (ETR: BAYN) animal health business. The company also noted it has started to de-lever by making a $100 million payment on its term loan. Elanco intends to use the net proceeds from the offerings to finance a portion of the previously announced acquisition of Bayer AG’s animal health business and to pay related fees and expenses. GREENFIELD, Ind. Elanco Animal Health Inc. announced Aug. 3 that it has closed the acquisition of Bayer Animal Health, bringing together two legacy animal health firms with a combined 166 years of innovation and service. In a press release, Elanco said that it continues to progress toward a mid-year closing, anticipated August 3, 2020. Consumer Health brings consumers some of the world’s best-known and most trusted over-the-counter (OTC) medications, nutritional supplements and other self-care products. Elanco Closes Acquisition of Bayer Animal Health. ... Bayer is a global enterprise with core competencies in the Life Science fields of health care and agriculture. The company continues to progress toward a mid-year closing, anticipated August 3, 2020. “Approval from the European Commission is an important milestone toward the … Elanco Animal Health Inc. has completed its US$6.89 billion acquisition of Bayer Animal Health, the company said on Monday. Elanco Animal Health Inc.'s top boss says its proposed $7.6 billion acquisition of Bayer AG's animal health business is going "even better than … The acquisition of Bayer Animal Health brings a wealth of new products and capabilities to the Elanco portfolio, but above that it brings a host of committed and experienced professionals into the Elanco team to provide a more complete approach to animal health solutions. Nearly two years into our journey as an independent company, […] Elanco Animal Health Incorporated (NYSE:ELAN) today announced its first business restructuring just two months following the closing of its acquisition of Bayer Animal Health. Portfolio: Adding Bayer Animal Health’s business accelerates Elanco’s portfolio transformation by elevating Companion Animal to nearly half of the overall business. 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