In this file:
· Bayer Reportedly Seeking Merger with Elanco
· 10 Years of Seed Industry Mergers, Acquisitions and Retired Brands
Bayer Reportedly Seeking Merger with Elanco
By Hoosier Ag Today
Jul 10, 2019
Reuters is reporting that Bayer has approached U.S. drug firm Elanco Animal Health to discuss a possible combination of their pet-health businesses to create an industry giant.
The two companies are working with banks to ensure any merger would secure regulatory approval, 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.
The German drugmaker is under pressure to raise cash and boost its share price after its $63 billion purchase of Monsanto.
Elanco inherited a significant amount of debt from its previous owner Eli Lilly, which spun it off last year.
As of December, it had about $2.5 billion of overall senior debt. In its annual report, it warned...
10 Years of Seed Industry Mergers, Acquisitions and Retired Brands
By Sonja Begemann, Farm Journal, Seeds and Crop Production Editor
via AgWeb - July 10, 2019
Since 2017, three mega-deals and related divestitures have uprooted the seed industry. Here's how new companies have sprouted and others have branched out or been trimmed. Check out 10 years of transformations below...
more, including company changes 2010-2019