Mars Inc to buy veterinary diagnostics firm Heska for $1.3 bln (updated)

Heska

03/04/2023 13:28

(Adds deal details)
       April 3 (Reuters) - Mars Inc will buy veterinary
diagnostics firm Heska Corp  HSKA.O  in a $1.3 billion deal to
expand diagnostic offerings, the companies said on Monday.
    Mars will pay $120 per share to Heska's shareholders, which
is a premium of 22.9% over its last close. Shares of Heska were
halted before the news.
        The agreement has been unanimously approved by the
boards of directors of both companies.
  
        The companies expect to close the deal in the second
half of 2023.
  

 (Reporting by Khushi Mandowara in Bengaluru; Editing by Pooja
Desai)
 ((Khushi.Mandowara@thomsonreuters.com))