Reading Time: 2 minutes Reuters — Merck and Co. said on Friday it will buy privately-held French company Antelliq Group, which makes digital identification products for livestock, for about 2.1 billion euros (C$3.19 billion) to bolster its fast-growing animal health business. The move affirms the drugmaker’s commitment to the business, which Wall Street analysts have long seen value in […] Read more
Merck bolsters animal health unit with Allflex deal
Bayer to shed animal health division, others after Monsanto deal
Reading Time: 2 minutes Frankfurt | Reuters — Bayer, the German drugmaker that bought U.S. seed company Monsanto, announced on Thursday the sale of its animal health business and a number of others, around 12,000 job cuts and 3.3 billion euros (C$4.98 billion) in impairments. CEO Werner Baumann is under pressure to boost Bayer’s share price after a drop […] Read more
AgriRecovery offered for B.C. wildfire costs
Reading Time: 2 minutes British Columbia ranchers and farmers who lost pasture or cropland or had to move livestock out of the path of wildfires this year may be eligible for AgriRecovery funding. The federal and B.C. governments on Thursday announced a new AgriRecovery program worth up to $5 million to help defray “extraordinary costs incurred” due to wildfires […] Read more
Animal health firm Elanco surges on trading debut
Reading Time: 2 minutes Reuters — Eli Lilly unit Elanco Animal Health’s shares jumped as much as 41 per cent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing animal healthcare market. Elanco’s shares opened at $32.25 on the New York Stock Exchange, higher than their IPO price of $24 per share, giving the […] Read more
Lilly’s Elanco unit expects IPO to raise up to US$1.45 billion
Reading Time: 2 minutes Reuters — Eli Lilly + Co.’s Elanco Animal Health unit expects its initial public offering to raise up to US$1.45 billion, betting on increased appetite among investors for animal health companies. The IPO of 62.9 million shares is expected to be priced between $20-$23 per unit, with the company having a valuation of about $8 […] Read more
Public input sought on sustainable beef indicators
Reading Time: 2 minutes Ranchers, consumers and others who have thoughts on how beef and its cattle should be sustainably produced in Canada are asked to speak up again, this time by early November at the latest. The Canadian Roundtable for Sustainable Beef (CRSB), in the midst of developing a Verified Sustainable Beef Framework, has released its new draft […] Read more
Greig: Animal welfare research focusing more on emotional states
Reading Time: 3 minutes Animal welfare research is moving beyond identifying what keeps an animal healthy, to focus more on their state of being and their happiness. For years, farmers have justified the way they manage and house animals based on objective measures of their health: disease prevalence, growth rates and feed consumption. Consumer research, however, shows that’s not […] Read more
Bayer offers to buy Monsanto in global ag chem shakeout
Reading Time: 3 minutes Reuters — German drugs and chemicals group Bayer AG made an unsolicited takeover offer for U.S. seeds company Monsanto, aiming to create the world’s biggest agricultural supplier and integrate pesticides and seeds markets. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither gave the proposed terms. Sources said Bayer would pay […] Read more
Bayer to consider shedding animal health unit
Reading Time: 2 minutes Leverkusen, Germany | Reuters –– Bayer might look into selling its animal health division if it continues to struggle to find takeover targets for the business, the German drugmaker’s incoming chief executive said. “Animal Health is a business that we have been trying for many years to strengthen strategically, that is to say inorganically. That […] Read more
A message from April Stewart, Country Guide's Associate Editor
