“Nearly two years into our journey as an independent company, we have made significant progress in creating a purpose-driven, independent global company dedicated to animal health … The transaction, valued at $6.89 billion, expands Elanco’s scale and capabilities, positioning the company for the long term as a leader in the attractive, durable animal health … 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. Janssen Reports sBLA Submission to the US FDA for Darzalex Faspro (daratumumab and hyaluronidase-fihj) to Treat Patients with Light Chain (AL) Amyloidosis Bayer AG, which has a large presence in the Kansas City area, will sell its animal health business to Elanco Animal Health Inc. in a transaction valued at $7.6 billion. 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. * elanco announces european commission approval of pending acquisition of bayer animal health Elanco wins conditional EU antitrust okay for $7.6 billion Bayer deal 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. Elanco has also started repayment against its loan that funded the Bayer Animal Health acquisition. Portfolio: Adding Bayer Animal Health’s business accelerates Elanco’s portfolio transformation by elevating Companion Animal to nearly half of the overall business. The plan, which would make Elanco the no. In a press release, Elanco said that it continues to progress toward a mid-year closing, anticipated August 3, 2020. Lohmann Animal Health is a global leader in the supply of poultry vaccines and also markets a range of feed additives. Elanco told IHS Markit Animal Health this change is based on the difference in Elanco's stock price since the deal was first struck. Bayer first announced its planned departure from the animal health market in late 2018, stating it would be shifting its focus to its pharmaceuticals, consumer health, and crop science segments. The company also noted it has started to de-lever by making a $100 million payment on its term loan. (August 3, 2020) – Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. 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. On September 25, Elanco repaid $100 million of its $4.275 billion Term Loan B. 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. Bayer parent company receives US$5.17 billion in cash from US$6.89 billion deal. Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. The FTC decision represents the final antitrust clearance needed to complete the transaction, which continues on track for closing at the beginning of August. Scale and capabilities of the combined company position Elanco for the long term as a leader in the attractive, durable animal health industry. ... Bayer is a global enterprise with core competencies in the Life Science fields of health care and agriculture. The transaction, valued at $6.89 billion, expands Elanco’s scale and capabilities, positioning the company for the long term as a leader in the attractive, durable animal health industry. Elanco Animal Health Incorporated announced that they have received unanimous approval from the U.S. Federal Trade Commission for its acquisition of Bayer Animal Health, a division of Bayer AG. The combination creates access to new segments of the parasiticides market with topical treatments and collars, and propels Elanco into expanding pet e-commerce and retail spaces. Elanco has also started repayment against its loan that funded the Bayer Animal Health acquisition. Elanco announced the closing of the acquisition Aug. 3. 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. If the acquisition is not consummated, Elanco intends to use the net proceeds from the offerings for general corporate purposes. The company continues to progress … 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. 2 veterinary drug peddler, second only to Zoetis. Elanco Closes Acquisition of Bayer Animal Health. 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. The … 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 proposed acquisition of Bayer's animal health division by Elanco has been approved by the European Commission (EC). On September 25 , Elanco repaid $100 million of its $4.275 billion Term Loan B. Nearly two years into our journey as an independent company, […] In the same year the business announced it would acquire Bayer’s animal health business for $7.6 billion. Stock received by Bayer was subject to a 7.5% symmetrical collar centered on Elanco's volume-weighted average price for … GREENFIELD, Ind.--(BUSINESS WIRE)--Aug. 3, 2020-- Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. The layoff is the first step in what is expected to be a major restructuring following Greenfield-based Elanco's $6.9 billion acquisition of German conglomerate Bayer AG’s animal-health division. [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. 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. Elanco Animal Health Inc. has completed its US$6.89 billion acquisition of Bayer Animal Health, the company said on Monday. GREENFIELD, Ind. Elanco has also started repayment against its loan that funded the Bayer Animal Health acquisition. The deal, valued at $7.6 billion, would see Elanco become the second largest company in the animal health sector. 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. 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. 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. Bayer Animal Health is no more. 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 continues to progress toward a mid-year closing, anticipated August 3, 2020. “Approval from the European Commission is an important milestone toward the … August 3, 2020 global leader in the Animal Health acquisition: Adding Bayer Animal Health Incorporated NYSE... 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