Covetrus Inc

NASDAQ:CVET   3:59:57 PM EDT
20.75
+0.03 (+0.14%)
Earnings Announcements, Mergers / Acquisitions

Covetrus To Be Acquired By Clayton, Dubilier & Rice And TPG At Enterprise Valuation Of About $4 Billion

Published: 05/25/2022 12:27 GMT
Covetrus Inc (CVET) - Covetrus to Be Acquired by Clayton, Dubilier & Rice and Tpg at an Enterprise Valuation of Approximately $4 Billion.
Covetrus Inc - Covetrus Shareholders to Receive $21.00 per Share in Cash.
Covetrus Inc - Upon Completion of Transaction, Covetrus Will Become a Private Company and Will No Longer Be Publicly Listed Or Traded on Nasdaq.
Covetrus Inc - Covetrus' Management Team, Including Benjamin Wolin, President and Chief Executive Officer, is Expected to Continue to Lead Company.
Covetrus Inc - Proposed Transaction Has Been Unanimously Approved by a Transaction Committee of Independent Directors of Board.
Covetrus - Covetrus' Management Team, Including Benjamin Wolin, President and Ceo, is Expected to Continue to Lead Company.
Covetrus Inc - Covetrus Plans to Maintain Its Headquarters in Portland, Maine, and Will Continue to Operate Under Its Current Brands.
Covetrus - Plans to Maintain Its Headquarters in Portland, Maine, and Will Continue to Operate Under Its Current Brands.
Covetrus - Transaction Will Be Financed Through Combination of Cash Funded by Investment Funds Affiliated With Cd&r and Tpg Capital.
Covetrus Inc- Transaction Will Be Financed Through Committed Debt Financing As Well.
Revenue is expected to be $1.22 Billion
Adjusted EPS is expected to be $0.26

Next Quarter Revenue Guidance is expected to be $1.23 Billion
Next Quarter EPS Guidance is expected to be $0.28

More details on our Analysts Page.