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ELAT - Elanco's Tangible Equity Units: Low Risk With A 6% Yield
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
Elanco’s world-wide animal health business is growing and recession-resistant.
Recent acquisitions, i.e., Bayer Animal Health and Kindred Biosciences, are significant positive developments, and combined with reorganizational moves, are beginning to improve financial performance.
Buying the ELAT units offers the investor a low-risk option on Elanco’s future with an above-average 6.1% current yield.