AmerisourceBergen acquires MWI Veterinary Supply

AmerisourceBergen acquires MWI Veterinary Supply

AmerisourceBergen acquires MWI Veterinary Supply

Drug disributor AmericsourceBergen Corporation agreed to acquire MWI Veterinary Supply for about $2.5 Billion in cash deal.

 The company would pay $190 for each MWI share. It’s about 8 percent premium over the Friday closing price.

 “MWI is the premier supply chain company in animal health, with leading positions in both the companion and production markets, and we are very excited to have them join AmerisourceBergen,” Steven H. Collis, AmerisourceBergen’s chief executive, said in a statement. “Animal health is a growing market in the U.S. and internationally and is a logical extension of our pharmaceutical distribution and services bussineses.” added

 AmerisourceBergen, with headquarters in Chesterbrook, Pennsylvania said the deal for MWI, which is based in Boise, Idaho, would add about 8 cents a share to earnings for the fiscal year of 2015 and generate $50 million in synergies by the end of the third full year.

 President and CEO of AmerisourceBergen Steven Collis said, “Animal health is a growing market in the U.S. and internationally, and is a logical extension of our pharmaceutical distribution and services businesses. Utilizing AmerisourceBergen’s knowledge of manufacturer and provider services, our global reach and partnership philosophy, combined with MWI’s expertise in veterinary and agricultural markets, we will collaboratively launch the next generation of superior animal health products and services together.”

 BofA Merrill Lynch acted as financial advisor, and Cravath, Swaine & Moore LLP provided legal advice to AmerisourceBergen. J.P. Morgan acted as financial advisor, and Dechtert LLP provided legal advice to MWI.

 Mr. Stakebay says:

 MWI sells more than 50.000 products, including vaccines, pharmaceuticals, pet food and equipment. This deal helps AmerisourceBergen expends its portfolio and synergies.

President and CEO of AmerisourceBergen……Steven H. Collis…2010-present…$ 12 000 206 (2013)

President and CEO of MWI Veterinary Supply… James Cleary….2000-present….$   1 352 700 (2013)

 

 

 

AMERISOURCEBERGEN

MWI VETERINARY SUPPLY

Revenue

$ 87.95 Billion (2013)

$ 2.34 Billion (2013)

Operating income

$ 898.39 Million (2013)

$ 100.323 Million (2013)

Profit

$ 433.71 Million (2013)

$ 62.849 Million (2013)

Total assets

$ 18.918 billion (2013)

$ 802.555 Million (2013)

Total Equity

$ 2.319 billion (2013)

$ 426.319 Million (2013)

Employees

15000 (2013)

1500 (2013)

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