Deals of the day- Mergers and acquisitions

Tue Apr 22, 2014 6:03am EDT
 
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April 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Eli Lilly and Co said on Tuesday it would buy Swiss drugmaker Novartis AG's animal health business for $5.4 billion in cash to strengthen and diversify its Elanco unit.

** Activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to make a joint run at buying wrinkle-treatment maker Allergan Inc , according to security filings on Monday.

** Lufthansa's IT infrastructure business, which the airline is trying to sell, is drawing interest from IBM , Hewlett-Packard and France's Atos, German paper Frankfurter Allgemeine Zeitung (FAZ) reported, without citing any sources.

** French bank Credit Agricole said on Tuesday it had agreed to sell its 50 percent stake in Crelan, Belgium's seventh-largest banking group, to Belgian cooperative banks.

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