Bloomberg Law
Jan. 8, 2019, 7:22 PM UTC

Would-Be Dealmakers Warn of M&A, IPO Delays Due to Shutdown (2)

Matthew Monks
Matthew Monks
Bloomberg News
Taylor Riggs
Taylor Riggs
Bloomberg News
Nabila Ahmed
Nabila Ahmed
Bloomberg News

Dealmakers are starting to feel pain from the partial U.S. government shutdown.

With multiple regulatory agencies -- including the Securities and Exchange Commission -- down to a skeleton staff, companies are telling investors that their pending takeovers and stock sales could be delayed.

A prolonged shutdown could muddle Eli Lilly & Co.’s plan to unload its stake in Elanco Animal Health Inc., the unit it spun off last year, Lilly Chief Executive Officer Dave Ricks said in an interview Jan. 8.

“We have said this year we are going to take the second step and sell the 81 percent that ...

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