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Mars to buy pet health care provider VCA for $7.7 billion www.reuters.com
Candy and pet food maker Mars Inc said it would buy VCA Inc (WOOF.O), which runs hospitals for animals, for $7.7 billion.
Mars, the maker of Whiskas and Pedigree pet products, will pay $93 per share, a premium of 31.4 percent to VCA's Friday closing price.
The enterprise value of the deal is $9.1 billion including $1.4 billion in debt, the companies said in a statement on Monday.
VCA will operate as a separate business unit within Mars Petcare, the biggest pet food maker in the world.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)
Published Date:2017-01-09
