From my understanding is that Elanco has six months to take up the option, if they take up the option then the companies have up to six months to finalise the deal.
So stating there is only one 6 months period is wrong, the timing depends on how long it takes Elanco to make a decision which can be 6 months and if they take the full six months to make that decision and they take up the option and it then takes the two companies a further six months to finalise the deal it can be two lots of six months.
From my understanding is that Elanco has six months to take up...
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