M2 EQUITYBITES-February 11, 2015-AmerisourceBergen Clears Antitrust Hurdle in Acquisition of MWI
Pharmaceutical company AmerisourceBergen (NYSE:ABC) disclosed on Monday the start of a tender offer to acquire all outstanding shares of MWI
Veterinary Supply (NasdaqGS:MWIV) for USD190.00 per share, net to the seller in cash, without interest, less any applicable withholding taxes.
Veterinary Supply distributes across the United States of America and United Kingdom.
12 January 2015 - US-based pharmaceutical sourcing and distribution services company AmerisourceBergen (NYSE: ABC) and animal health products distributor MWI
Veterinary Supply, Inc.
has bought this business for an enterprise value of USD67.5m (EUR50m), plus a net working capital adjustment of USD11.2m at completion.
Its new owner anticipates the business to contribute annual revenues of about USD400m.Country: USASector: Healthcare, Wholesale/RetailTarget: IVESCO Holdings LLCBuyer: MWI
Veterinary Supply IncDeal size in USD: 79mType: Corporate acquisitionFinancing: Existing resources, DebtStatus: Closed
expects the deal to be slightly accretive in its fiscal year to 30 September 2014.
Piper Jaffray & Co and Pepper Hamilton LLP are representing the target, while Dechert LLP is consulting MWI
.Country: USASector: HealthcareTarget: Ivesco Holdings LLCBuyer: MWI
Veterinary Supply IncDeal size in USD: 67.5mType: Corporate acquisitionStatus: AgreedBuyer advisor: Dechert LLPComment: The deal size refers to EV.
2 January 2013 - US MWI
Veterinary Supply Inc (NASDAQ:MWIV) said it had bought substantially all assets of domestic companion animal health products distributor Prescription Containers Inc for some USD17m (EUR12.8m).
As a result of the transaction, Prescription Containers' clients will be able to benefit from MWI
's complete suite of products and services, the target's president and CEO, Robert Zeide, said, commenting on the acquisition.Country: USASector: Wholesale/Retail, HealthcareTarget: Prescription Containers Inc Buyer: MWI
Veterinary Supply Inc Deal size in USD: 17mType: Corporate acquisitionStatus: Closed
Medical products company Abaxis Inc (NasdaqGS:ABAX) announced on Monday that it has entered into a definitive agreement to distribute its full line of veterinary products through MWI
Veterinary Supply, a distributor of animal health products across the US and UK.
Pet healthcare company IDEXX Laboratories Inc (NasdaqGS:IDXX) said on Thursday that it has agreed on the terms of a revised distribution agreement with MWI
Veterinary Supply Inc (MWI