At the same time, research shows increased time at home has changed the long-term relationship between pets and their owners, as pets increasingly provide valuable emotional support. Elanco Animal Health (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders, and society as a whole. Apple and Moody's are two well-known winning Warren Buffett stocks. Stock received by Bayer was subject to a 7.5% symmetrical collar centered on Elanco's volume-weighted average price … The Dow Jones slipped as Senate Minority Leader Chuck Schumer attempted to strike a Covid-19 stimulus check bargain with Republican rival Mitch McConnell. Bayer’s eager to send its animal health unit to Elanco so it can focus its healthcare efforts on pharmaceuticals. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. The transaction, valued at $6.89 billion, expands Elanco’s scale and capabilities, positioning the company for the long term as a leader in the attractive, durable animal health industry. GATINEAU, Que. The content is intended to be used for informational purposes only. Together, we have the potential to improve animal health and the lives of billions.". But Elanco CEO Jeffrey Simmons said the "forward-thinking" Bayer deal, slated to close mid-2020, had to be executed now, especially in light of the evolving animal health industry's demand for new products and distribution channels. Forward-looking statements are based on our current expectations and assumptions regarding our business and other future conditions. In addition, the company is expected to launch an upgraded version of the G3 and a lithium iron phosphate battery version of the G3 at a lower price point.Lee is projecting 61% compound annual revenue growth for XPeng through 2025. “TRTX has underperformed since reporting 3Q results, which we believe creates an attractive buying opportunity… We expect core earnings to continue benefiting from LIBOR floors in loans and expect new investments to resume in 1Q21. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. "We remain positive on XPeng's long-term share gain and improving profitability. Am I Responsible for My Deceased Spouse’s Debt? Combines Elanco’s longstanding focus on the veterinarian with Bayer Animal Health’s direct-to-consumer expertise to open new opportunities to fuel growth. Tiffany Kanaga Low interest rates across the world are drawing out pessimistic prognostications over the future of balanced funds. Saphyr offers a more efficient and streamlined alternative as well as potentially improved diagnostic yield. At the same time, research shows increased time at home has changed the long-term relationship between pets and their owners, as pets increasingly provide valuable emotional support. ", "This milestone is another key step in Elanco’s journey. Article: Elanco and Bayer - Animal heath’s largest ever acquisition is a done deal 11 August 2020 Elanco has closed its purchase of Bayer Animal Health - a deal that is expected to propel the former to second in the industry rankings. Revenues in Q3 hit $48 million, up 9% year-over-year. Elanco has completed the acquisition of Bayer Animal Health. Except as required by law, Elanco undertakes no duty to update forward-looking statements to reflect events after the date of this release. The transaction, valued at $6.89 billion, expands Elanco’s scale and capabilities, positioning the company for the long term as a leader in the attractive, durable animal health industry. The divested products had 2019 revenue in the range of $120 million to $140 million. Keep them in mind when you update your Social Security information. It's been quite a year of contrasts for investors. Elanco Animal Health agreed to buy Bayer’s veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest maker of … Elanco Animal Health said on Tuesday it would buy Bayer's veterinary drugs unit in a cash and stock deal valued at $7.6 billion. That rating is based on 4 reviews, including 2 Buys and 2 Holds. (To watch Laws’ track record, click here)This stock also holds a Strong Buy rating from the analyst consensus, based on 3 unanimous Buy reviews set in recent weeks. At Elanco, we’re driven by our vision of Food and Companionship Enriching life and our Elanco Healthy Purpose™ CSR framework – all to advance the health of animals, people and the planet. Portfolio: The combination expands Elanco’s portfolio to provide farmers, pet owners, and veterinarians more comprehensive animal health solutions. Bayer’s CropScience unit has the Canadian distribution rights to its poultry insecticides Tempo, Credo, QuickBayt and Annihilator Polyzone. But even with that loss, NRZ took care to maintain the dividend.In fact, it did more than that. But, ultimately, today is about improving the lives of animals, people and improving the health of the planet. As part of the transaction with Bayer A.G., $35 million was reflected in the purchase price attributable to Elanco’s restructuring costs. https://www.businesswire.com/news/home/20200803005176/en/, Alphabet unit Wing blasts new U.S. drone ID rule, citing privacy, US STOCKS-Wall Street closes out wild pandemic year with Dow, S&P at records, GLOBAL MARKETS-S&P 500, Dow close at record highs, dollar gains at end of tumultuous year, Ford, Mahindra call off auto joint venture, Zillow Economist on what to expect from the real estate market in 2021, Dow Jones Gains As Schumer Offers McConnell Stimulus Bargain; Tesla Surges, Apple Falls Again, 12 Stocks Turned $10,000 Into $1.1 Million In 12 Months, Congress (finally) passed new stimulus checks — here's when to expect yours. Meanwhile, the pandemic has accelerated key trends transforming the industry, particularly pet owners’ desire to access veterinary care and animal health products in a variety of forms, from curbside care and telemedicine to online purchases shipped direct to the doorstep. Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. 40GB, 400min & SMS at $20. Transaction strengthens Elanco’s Innovation, Portfolio, Productivity (IPP) strategy, advancing portfolio transformation to balance mix between the pet health and farm animal businesses. Xpeng Inc - ADR (NYSE: XPEV) was one of 2020's hottest electric vehicle stocks, and one Wall Street analyst said Thursday that investors can expect the XPeng rally to continue in 2021.The XPeng Analyst: BofA Securities analyst Ming Hsun Lee reiterated a Buy rating on XPeng and raised the price target from $43 to $51.10.Related Link: What Burst The Dot-Com Bubble, And Will It Happen Again In 2021?The XPeng Thesis: BofA's price target hike comes after XPeng completed a $2.8-billion rights issue earlier in December. The transaction was valued at $6.89 billion. Is GE Stock A Buy In 2021 As New Pattern Forms Amid Bullishness On Turnaround? Elanco Animal Health Inc. has completed its US$6.89 billion acquisition of Bayer Animal Health, the company said on Monday. Bionano’s Genome Mapping Platform Could Be a Game Changer, Says Analyst, BofA Raises XPeng Price Target, Sees More Upside Ahead For EV Stock, Semiconductor Stocks To Buy And Watch Ahead Of Q4 Earnings Season, Stock market news live updates: S&P 500 powers to a record closing high on the final day of 2020, ending the year with a 16% rise, How To Become A Millionaire By Investing $15 A Day, Wall Street calls for shift away from 60/40 balanced portfolio despite strong returns this year. As more LDTs are developed, we anticipate that adoption for Saphyr should increase, driving revenue for Bionano.”While the accreditation is the first of its kind in the U.S., in Europe, whole genome clinical tests are already in progress across several applications including inherited genetic disorders and leukemia.The news followed the recent publication of an article which further highlighted Saphyr’s qualities. Productivity: Elanco plans to leverage its extensive integration experience – and ownership mindset – to efficiently and quickly integrate the new business. The company is a provider for original commercial mortgage loans starting at $50 million, mainly in US primary markets. We know making life better for animals, simply makes life better.". “We continue to see the risk / reward as attractive at current levels - with shares trading below book, solid forecasted base dividend coverage from NII… We project FDUS solidly over-earning its quarterly base dividend of $0.30 / share through our projection period. Enjoy 21% off on FlexiPlans Instalment Plan. As a result, we do project modest supplementals…”Dodd puts an Outperform (i.e. Wall Street’s investment firms are burning the midnight oil as we approach the end of 2020, publishing their year-end notes and their New Year prognostications, both for investors’ edification. For further discussion of these and other risks and uncertainties, see Elanco’s most recent filings with the United States Securities and Exchange Commission. Benzinga does not provide investment advice. In December, shares of the life sciences company have accumulated a mighty 328%.Evidently, investors are buying into the cytogenetics specialist’s steady stream of positive developments.On Monday, the company disclosed that its genome mapping platform Saphyr has been accredited in the US by the College of American Pathologists. There may also be financial stress if a spouse leaves behind credit card debt, outstanding loans or other monetary obligations. Moreover, Elanco has completed the required anti-trust divestures that had been previously announced. The 30-year fixed-rate mortgage averaged 2.67% for the week ending Dec. 31, up a basis point from the new record low of 2.66% set the week prior, Freddie Mac (FMCC)reported Thursday. Cash severance payments will be distributed over the next two years. At current levels, that target indicates an upside of 10.5% in the next months. Goldman Sachs acted as financial advisor to Elanco and Paul, Weiss, Rifkind, Wharton & Garrison LLP, Hengeler Mueller and Slaughter and May acted as legal counsel to Elanco. This acquisition strengthens Elanco’s Innovation, Portfolio, Productivity (IPP) strategy, which the company has been executing on since before its IPO in 2018. Elanco may be poised to make a bid, with Bayer retaining stake in the merged company due to its debt levels stifling the ability to finance the deal. https://www.businesswire.com/news/home/20200803005176/en/, Investor Contact: Transaction valued at close at $6.89 billion, funded by $5.17 billion in cash and 72.9 million shares to Bayer. The stock’s $11.36 average price target suggests a 14% and a change from the current share price of $9.93. Elanco has entered into a definitive agreement to acquire Bayer’s animal health business in a transaction valued at US$7.6 billion and consisting of $5.3 billion in cash (subject to customary purchase price adjustments) and $2.3 billion in Elanco stock. (See NRZ stock analysis on TipRanks)Fidus Investment Corporation (FDUS)Next up is a business development corporation, Fidus Investment. This press release contains forward-looking statements (as that term is defined in the Private Securities, Litigation Reform Act of 1995) about our expectations concerning the combined Elanco and Bayer Animal. "Delivering on the timely close of the acquisition and bringing momentum into Day 1 in this challenging environment underscores the deep capability and disciplined execution from both companies. "Click here to check out Benzinga's EV Hub for the latest electric vehicle news.Benzinga's Take: There are plenty of reasons for investors to be excited about XPeng's future, but the stock is already up 125.2% in the last three months and trading at 86 times sales.As is the case with many of the hottest EV stocks, some tremendous long-term success is already priced into the stock at today's levels.Photo courtesy of XPeng. Sheep lice product concerns over proposed Elanco-Bayer deal Sheep Central, May 29, 2020 AUSTRALIA’S competition regulator is seeking market feedback on the sheep lice and pet worm control product implications of Elanco’s proposed acquisition of Bayer’s animal health business. Both companies come to closing with a disciplined focus on the strategy and diligent execution to drive momentum. Enables Elanco to capitalize on emerging trends accelerated by the COVID-19 pandemic, including pet owners’ increased desire to access care and products via online, retail, telemedicine, and direct to the doorstep. The transaction adds a number of anchor cattle brands, enhances the company’s global bio-protection portfolio, and expands the company’s aqua presence into warm water fish. Elanco said the Bayer deal, its largest since going public, will double its pet business and strengthen its presence in emerging markets and in the cattle business. appeared first on SmartAsset Blog. The largest portion of that portfolio, 59%, is second-lien debt, with the rest divided mainly between subordinated debt, first-lien debt, and equity-related securities.The company has seen revenues gain through the second and third quarters of 2020, after negative results in Q1. It is very important to do your own analysis before making any investment. Elanco … “Most importantly, today is about the farmers, veterinarians, and pet owners we serve. Taken together, the dividends give a yield of 7.5%, almost 4x higher than the average found among S&P-listed companies.Returning to Raymond James’ REIT expert Stephen Laws, we find that he is bullish on TRTX, too. This expanded portfolio of care provides for pets at all ages and stages, from disease prevention and wellness for the youngest puppies to helping pets remain an active, central part of the family in their later years. Buy). Every October, the Social Security Administration (SSA) announces its annual changes to the Social Security program for the coming year. Here are the Social Security changes that were announced in Oct. 2020 to take effect on Jan. 1, 2021, according to the SSA's annual fact sheet. (To watch McCarthy’s track record, click here)Two other analysts recently posted BNGO reviews, with one saying Buy and the other recommending a Hold, adding up to a Moderate Buy consensus rating. Back in Q1, the company pared back the common share dividend to 5 cents, in a move to preserve capital during the corona crisis. Own the wrong S&P 500 stocks and you lose billions, but huge gains were there for the taking, too. "Nearly two years into our journey as an independent company, we have made significant progress in creating a purpose-driven, independent global company dedicated to animal health – all while weathering the century’s most significant animal and human health pandemics: African Swine Fever and COVID-19," said Jeff Simmons, president and CEO of Elanco. Enjoy free 20GB for 12mth. The back story. It’s not uncommon for people to receive sizable inheritances, but it’s less common for them to make the most financially advantageous decisions about what to do with their newly acquired assets. Elanco Animal Health (ticker: ELAN), one of the largest companies in its field, plans to get a lot bigger. The transaction, valued at $6.89 billion, expands Elanco’s scale and capabilities, positioning the company for the long term as a leader in the attractive, durable animal health industry. Exclusive deals end in 11 days. This acquisition strengthens Elanco’s Innovation, Portfolio, Productivity (IPP) strategy, which the company has been executing on since before its IPO in 2018. "Most importantly, today is about the farmers, veterinarians, and pet owners we serve. Under the deal, Bayer has secured $5.17bn in cash, as well as 72.9 million shares of Elanco Animal Health common stock. With some planning and discipline to start saving and investing early, retiring a millionaire is entirely possible. Health businesses, including the ability to generate significant operating cash flow, and reflects Elanco’s current belief. First, McCourt notes the investors are focused on the good news: “[The] equity market is more focused on vaccine deployment and complete re-openings of economies in 2021, and so far, negative data points have been largely brushed aside.”Looking ahead, McCourt writes of the next two years: “We believe the logical outcome of 2021 (and 2022 for that matter) is a likely "return to normalcy" with strong EPS growth offset by lower P/Es barring a change in the vaccine story. “Delivering on the timely close of the acquisition and bringing momentum into Day 1 in this challenging environment underscores the deep capability and disciplined execution from both companies.”, “This milestone is another key step in Elanco’s journey. Learn more at www.elanco.com. Learn more about the benefits of personal loans so you can make a well-informed decision. Health businesses, including the ability to generate significant operating cash flow, and reflects Elanco’s current belief. “Food supply disruptions and increasing unemployment are driving food security challenges around the world. Upon close, Bayer AG received $5.17 billion in cash, comprised of proceeds from the company’s equity and tangible equity unit issuances in the first quarter of 2020 and debt financing from the Term Loan B priced in the first quarter of 2020 that closed with the transaction closing. Farm Animals: The combined company brings together complementary farm animal portfolios that position Elanco to serve an even broader spectrum of the industry and better leverage data, and services for customers. (To watch Laws’ track record, click here)It’s not often that the analysts all agree on a stock, so when it does happen, take note. INDIANAPOLIS — The state’s pitch to keep Elanco Animal Health in Indiana for the long term began with a dinner at the Governor’s Residence two … Is GE stock a buy right now? Pets and protein have never been more important," Simmons said. Bayer Animal Health's North American headquarters is in Shawnee, and Elanco has built its area presence through deals like its $245 million purchase of Aratana Therapeutics Inc. in … If you’re worried about the stock market correcting, or eventually heading into bear market territory, then you will want to consider the exchange-traded funds (ETF) covered below. All rights reserved. Elanco Animal Health Incorporated (NYSE: ELAN) today announced it has closed the acquisition of Bayer Animal Health. Due to Bionano’s latest surge, the figure indicates a 5% downside from current levels. The transaction adds a number of anchor cattle brands, enhances the company’s global bio-protection portfolio, and expands the company’s aqua presence into warm water fish. 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