A PYMNTS Company

US/Germany: Bayer seeks animal health merger with Elanco – sources

By  |  July 9, 2019

Bayer has approached US drug firm Elanco Animal Health to discuss a possible combination of their pet-health businesses to create an industry giant, three sources familiar with the matter told Reuters.

The two companies are working with banks to ensure any merger would secure regulatory approval, the sources said, speaking on condition of anonymity.

Bayer has delayed the launch of an auction to private equity funds to clinch a bilateral deal with Elanco, the fourth-largest player in the animal health industry globally, the sources said.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.