Heska Corp jumps on buyout deal from Mars Inc

Heska

03/04/2023 15:18

(Updates)
    ** Shares of veterinary diagnostic and specialty products provider Heska Corp  HSKA.O  hit
near 1-yr high, up 20.7% at $117.82 
    ** Mars Inc to buy Heska in a $1.3-billion deal, or $120 per share – a premium of 22.9% over
HSKA's last close
    ** Agreement has been unanimously approved by boards of directors of both cos
    ** Upon closing, Heska will join Mars Petcare
    ** Deal expected to close in H2 2023
    ** Up to last close, stock had risen 57.05% YTD

 (Reporting by Khushi Singh in Bengaluru)
 ((Khushi.Singh@thomsonreuters.com;))