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Wednesday, August 7, 2019

Bayer up 7% on rumored Elanco deal

Bayer AG (OTCPK:BAYRY +6.9%) is up on below-average volume as investors anticipate a deal between its animal health unit and Elanco Animal Health (ELAN -2.8%). A month ago, Bloomberg reported that Bayer approached Elanco about a possible merger.

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