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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Jan. 20, 5:34 PM

Slide #98. PetIQ, Inc. VIP Petcare

Acquirer: PetIQ, Inc. (NASDAQ:PETQ)
Acquiree: VIP Petcare
Details: PetIQ, Inc. ("PetIQ" or the "Company") (NASDAQ:PETQ), a leading pet medication and wellness company, today announced it has entered into a definitive agreement to acquire Community Veterinary Clinics, LLC d/b/a VIP Petcare ("VIP"), a leading operator and provider of nationwide veterinary clinics and veterinarian services within major U.S. retailers. The transaction has been unanimously approved by PetIQ's board of directors and is expected to close by the end of January 2018, subject to customary closing conditions.

PetIQ is a distributor and manufacturer of veterinarian-grade pet Rx medications, OTC flea and tick preventatives and health and wellness products for dogs and cats. Co. enables its customers to offer pet owners choice, affordability and convenience on products from national brands as well as Co.'s proprietary value-branded alternatives. Co.'s product portfolio spans a wide range of veterinarian-grade Rx medications and OTC medications as well as other health and wellness products. Co.'s distributed brands include Heartgard, Rimadyl, Vetmedin and Frontline. Properietary brands include Heart Shield, Profen, PetAction Advecta, VetGuard, Pet Lick, VetIQ and others.

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Company Name:  PetIQ Inc
Website:  www.petiq.com
Sector:  Consumer Goods
Number of ETFs Holding PETQ:  7
Total Market Value Held by ETFs:  $10.04M
Total Market Capitalization:  $321.00M
% of Market Cap. Held by ETFs:  3.13%
 

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January 20, 2018    5:34 PM Eastern
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