Eli Lilly Spin-off (Animal Health)


Spin-off Overview On July 24, 2018, Eli Lilly (LLY) announced that it would be spinning off its Animal Health business.  LLY will be filing an IPO for less than a 20% stake in the Animal Health company. LLY expects to distribute the remaining shares to shareholders through a tax free spin-off subsequent to the IPO. [...]

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