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via seekingalpha.comPolitics

FTC sues to block $3.5 billion Covetrus purchase of MWI Veterinary Supply

FROM THE WIRE · SEEKINGALPHA.COM

[Veterinarian in scrubs petting dog in exam room] MoMo Productions UPDATE 10:45 AM: Adds FTC confirming lawsuit. The US Federal Trade Commission filed a lawsuit to block CD&R- and TPG-owned (TPG [https://seekingalpha.com/symbol/TPG]) Covetrus from purchasing MWI Veterinary…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAn antitrust block of a sizable veterinary distribution deal affects the companies involved.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The FTC argues the merger will reduce competition in an already concentrated market.
  2. 02Covetrus, owned by CD&R and TPG, seeks to buy MWI from Cencora for $3.5 billion.
  3. 03The FTC says the deal would drive up prices for veterinary clinics and pet owners.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Cencora, Inc.CORStock356.08 USD+0.13%today +2.11%Positive TPG Inc.TPGStock48.03 USD+0.07%today -0.16%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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