Merck to acquire France’s Intelliq for 2.1 billion euros in cash, assumption of debt

Merck & Co. Inc. MRK, -1.20% said Friday it has reached agreement to acquire privately held French company Antelliq for 2.1 billion euros in cash, and the assumption of EUR1.15 billion in debt. Antelliq specializes in digital animal identification, traceability and monitoring and had EUR360 million in sales in the 12 months through Sept. 30. The company works with farmers, veterinarians and pet owners to gather data needed to manage the health of livestock and pets. The deal is expected to close in the second quarter of 2019. Merck shares fell 1% in premarket trade.

https://www.marketwatch.com/story/merck-to-acquire-frances-intelliq-for-21-billion-euros-in-cash-assumption-of-debt-2018-12-14