Merck (MRK) Unit to Buy Elanco's Aqua Business for $1.3B

Merck’s (MRK) Animal Health unit, known as Merck Animal Health, announced that it has entered into an agreement with Elanco Animal Health Incorporated (ELAN) to acquire the latter’s aqua business for $1.3 billion in cash.The acquisition of Elanco Animal Health’s aqua business will add an innovative portfolio of medicines and vaccines, nutritionals and supplements for aquatic species, two related aqua manufacturing facilities in Canada and Vietnam, and a research facility in Chile to Merck’s Animal Health bu ...