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Eli Lilly and Co announces agreement to acquire Novartis Animal Health


Tuesday, 22 Apr 2014 01:00am EDT 

Eli Lilly and Co:Announces an agreement to acquire Novartis Animal Health.Under the terms of the agreement, Lilly will acquire all assets of Novartis Animal Health for a total purchase price of about $5.4 billion.Lilly plans to fund this acquisition with about $3.4 billion of cash on hand and $2.0 billion in debt to be issued.No other financial terms of the transaction are being disclosed.Transaction is expected to close by the end of the first quarter of 2015. 

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