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Bayer to Sell Elanco Animal Health Unit for $ 7.6 Billion



BERLIN – Bayer AG sells its animal health business to a US $ 7.6 billion competitor, part of a plan by the German drug and chemical giant to release assets amid rising legal obligations from Roundup herbicide.

The Deal to Sell the Unit to Elanco Animal Health Inc. based in Greenfield, India, will create a new heavy industry in the business of preventing and treating pets and livestock diseases. The combined company would have a market share of around 13%, making it the second largest animal health company …


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