Elanco to sell its aqua business to Merck Animal Health

Elanco to sell its aqua business to Merck Animal Health

The $1.3 billion sale will allow the pharma company to focus on its pet health portfolio.

Elanco Animal Health has agreed to sell its aqua business to Merck Animal Health for $1.3 billion (€1.2B) in cash, 7.4 times the businesses’ estimated revenue in 2023. 

This…

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