Elanco’s stock heads for 18-month high as company sells aqua business to Merck for $1.3 billion in cash

The deal “allows us to prioritize our investments in larger markets with greater earnings potential over the medium and long term, while creating balance sheet flexibility.”

Previous post Caterpillar’s stock surges toward a record after a big earnings beat, amid a jump in profit margin
Next post Do what this deal-making CEO does and find ‘AI-proof’ industries for your money