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Elanco's plans to acquire Bayer's animal health business faces further scrutiny in New Zealand

( May 8, 2020, 00:44 GMT | Official Statement) -- MLex Summary: A New Zealand review of US-based Elanco Animal Health's plans to acquire German pharmaceutical company Bayer's animal-health business is facing prolonged investigation by the country's competition watchdog. In a statement of issues published this week, the New Zealand Commerce Commission said in pushing back a decision on its review from April 21 to June 3, it is yet to conclude on the relevant markets for its review of the deal and is continuing to test the possible effects of the merger. The Commerce Commission is inviting Bayer and interested parties to make submissions to its review by May 21. The Commerce Commission's statement of issues is attached; the press release announcing the decision follows. ...

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