FTC Sues to Block Proposed $3.5 Billion Covetrus-MWI Merger
The FTC sued to block Covetrus from acquiring rival MWI Veterinary Supply. Covetrus agreed in February to acquire Cencora’s MWI animal-health business in a deal worth $3.5 billion.
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06:23:40 PM UTC
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FTC Sues to Block Proposed $3.5 Billion Covetrus-MWI Merger
By Katherine HamiltonCovetrus has been sued by the Federal Trade Commission to block the company from acquiring rival MWI Veterinary Supply.Covetrus, which provides supplies to veterinarians, agreed in February to acquire Cencora's MWI animal-health business in a deal worth $3.5 billion.The FTC is…