BERLIN-Bayer AG is selling its animal-health business to an American rival for $ 7.6 billion, part of the German drug-and-chemicals giant's plan to divest its roundup herbicide.
The Elanco Animal Health Inc., based in Greenfield, Ind., Would create a new heavyweight industry in the business of preventing and treating diseases for pets and livestock. The combined company would have a market share of roughly 13%, making it the second-largest animal-health company …
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