ACCC communicated that it would not oppose Elanco’s acquisition of Bayer AG’s animal health business, subsequent to Elanco providing a court-enforceable undertaking to divest four animal parasite treatment brands.
Now, the ACCC is concerned about the impact of the acquisition in the markets for sheep lice treatments, and worming treatments for cats & dogs.
As per ACCC’s Deputy Chair Mick Keogh, Elanco’s acquisition might raise competition concerns in the supply of sheep lice treatments. Without divestment, Elanco would have considerably improved its market share in the supply of sheep lice cures.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.