Drugmaker Lilly plans IPO for part of animal health business

[McFurd]

Bradenton Herald - 7/24/2018 - Eli Lilly is planning an initial public offering for part of an animal health business that brought in about 13 percent of all company revenue last year. The drugmaker said Tuesday that the IPO will represent an ownership stake of less than 20 percent. Lilly said it will divest its remaining stake in Elanco Animal Health through a tax-efficient deal, but offered no other details. Read more @ https://www.bradenton.com/news/business ... rylink=cpy