By Chelsey Dulaney
Zoetis Inc. has agreed to buy the animal health business of Abbott Laboratories for $255 million, less than a week after it surfaced that activist investor William Ackman has taken a roughly $2 billion stake in the company.
Two Indiana agricultural companies, Elanco, the animal health division
of Eli Lilly and Company (NYSE: LLY), and Dow AgroSciences LLC, a wholly
owned subsidiary of The Dow Chemical Company (NYSE: DOW), are announcing
a strategic research and development (R&D) agreement that will focus on
developing integrated solutions to enable livestock producers to
increase meat and milk production to meet the demands of the growing
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