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DewDiligence

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DewDiligence

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Re: DewDiligence post# 19365

Tuesday, 01/21/2020 5:06:26 PM

Tuesday, January 21, 2020 5:06:26 PM

Post# of 29407
ELAN sells stock and stock/bond units to partially finance Bayer Animal Health acquisition:

https://www.businesswire.com/news/home/20200121006090/en/Elanco-Animal-Health-Announces-Common-Stock-Tangible

These two offerings combined will bring in about $1.1B of cash, if priced at close to the current market value. The cash portion (~70%) of the Bayer deal is $5.3B (#msg-150629685).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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