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Novartis AG to divest Animal Health Division to Lilly for approximately $5.4 billion


Tuesday, 22 Apr 2014 01:00am EDT 

Novartis AG:To divest its Animal Health Division to Lilly for approximately $5.4 billion.This transaction is result of competitive process, which upon completion would create animal health business under Lilly's ownership and would optimize value of asset in interest of Novartis shareholders.Transaction with Lilly expected to close by end of first quarter of 2015.