July 24, 2018 / 10:30 AM / a month ago

CORRECTED-Eli Lilly to take animal health unit public

(Corrects to say Eli Lilly is taking unit public in first paragraph, not spinning it off)

July 24 (Reuters) - Eli Lilly and Co said on Tuesday it would take its Elanco animal health business public.

Lilly will offer a stake of less than 20 percent and expects to complete the initial public offering during the second half of the year, the company said in a statement. (Reporting by Tamara Mathias in Bengaluru Editing by Supriya Kurane)

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