Elanco Animal Health, the veterinary sector’s fourth-largest company measured by revenue, is poised to leap to number two through a $7.6 billion cash and stock deal for Bayer’s animal health unit.
The acquisition will help Elanco boost its business selling products for farm animals. But Elanco (NYSE: ELAN) notes that Bayer, which sells the popular Seresto flea and tick collar as well as the Advantage line of flea, tick, and worm control products, will also help the Greenfield, IN-based company strengthen its retail and online connections to pet owners as a confluence of trends point to growing demand for pet… Read more »
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