Brief: PetIQ Agrees To Acquire Capstar Products From Elanco

PetIQ

13/01/2020 13:09

Jan 13 (Reuters) - PetIQ Inc  PETQ.O :
    * PETIQ, INC. ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE
THE
CAPSTAR® PORTFOLIO OF PRODUCTS FROM ELANCO
    * PETIQ INC - $95 MILLION CASH TRANSACTION HAS BEEN
UNANIMOUSLY
APPROVED BY PETIQ'S AND ELANCO'S BOARD
    * PETIQ INC - ANNOUNCES ACCRETIVE, STRATEGIC BOLT-ON CAPSTAR
TRANSACTION
    * PETIQ INC - PLANS TO FINANCE TRANSACTION WITHIN PETIQ'S
EXISTING
DEBT FACILITIES AND CASH ON HAND
    * PETIQ INC - EXPECTS DEAL WILL BE IMMEDIATELY ACCRETIVE TO
EARNINGS FOLLOWING CLOSING AND THEREAFTER

Source text for Eikon:  ID:nGNX72CblW 
Further company coverage:  PETQ.O 

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