09 January 2017

BREAKING - VCA to be Acquired by Mars Inc.

Mars Inc announced this morning it will acquire VCA Inc.

Mars, Incorporated

The acquisition will be an all-cash transaction valued at approximately $9.1 billion and will provide VCA shareholders with US$93 per share for VCA common stock. 

According to the news release from Mars Inc., VCA will operate as a separate business unit within Mars Petcare. The deal is expected to close in Q3 2017.

According to an internal document circulated to employees of Associate Vet Clinics (AVC) in Canada, no changes to the operations, management or employee relationships are contemplated at this time. AVC, the largest owner of veterinary clinics in Canada was purchased by VCA Inc, in 2012. 

Other information services are also reporting this transaction:

Business Insider 

Market Watch

Bloomberg News

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