Bayer in Talks to Buy Animal Drugs Business-paper

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Latest Pig Industry News

Tuesday, July 07, 2009

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Bayer in Talks to Buy Animal Drugs Business-paper

GERMANY - Bayer is in advanced takeover talks to expand its animal health unit and is likely to benefit from the ongoing overhaul of the U.S. healthcare sector, a German newspaper said.

Bayer, Germany's largest drugmaker, is among the suitors vying for animal health businesses that are coming to market as a result of antitrust concerns about mergers among U.S. drug majors, Financial Times Deutschland (FTD) reported.

According to a Reuters report, FTD cited financial market sources and people at Bayer's animal health unit.

A Bayer spokesman declined to comment when contacted by Reuters.

Bayer's management told analysts at a meeting last month that its animal health division was among the businesses that could benefit from acquisitions.

ThePigSite News Desk