Brief: Heska Corp To Acquire Scil Animal Care For $125 Mln In Cash

Heska

14/01/2020 21:45

Jan 14 (Reuters) - Heska Corp  HSKA.O :
    * HESKA CORPORATION TO ACQUIRE SCIL ANIMAL CARE, A EUROPEAN
LEADER
IN VETERINARY POINT-OF-CARE DIAGNOSTICS
    * HESKA CORP - HESKA WILL PURCHASE SCIL FOR $125 MILLION IN
CASH
    * HESKA CORP - ACQUISITION IS NOT SUBJECT TO ANY FINANCING
CONDITION
    * HESKA CORP -  INTENDS TO FINANCE DEAL THROUGH A PRIVATE
OFFERING
OF $125 MILLION OF CONVERTIBLE PREFERRED STOCK
    * HESKA - ANTICIPATES COSTS ASSOCIATED WITH DEAL & OTHER
END-OF-YEAR DEALS RELATED ACTIVITIES WILL HAVE AN IMPACT ON 2019
REPORTED EARNINGS
    * HESKA CORP - HESKA EXPECTS ACQUISITION TO BE MODERATELY
ACCRETIVE TO 2020 EARNINGS PER SHARE
    * HESKA CORP -  TO ACQUIRE 100% OF CAPITAL STOCK OF SCIL
ANIMAL
CARE COMPANY GMBH FROM COVETRUS INC

Source text for Eikon:  ID:nPnbBlvzva 
Further company coverage:  HSKA.O 

 (Reuters.Briefs@thomsonreuters.com)