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MWI Veterinary Supply Inc Completes Acquisition Of Assets Of IVESCO Holdings

Friday, 1 Nov 2013 03:20pm EDT 

MWI Veterinary Supply, Inc. (MWI or the Company) announced that it has completed its previously announced acquisition of substantially all of the assets of IVESCO Holdings LLC (IVESCO) for an enterprise value of $67.5 million, plus a closing net working capital adjustment of $11.2 million. The total acquisition price represents a small premium over the net tangible assets acquired by MWI. This transaction is subject to a final post-closing working capital adjustment. The cash purchase price was funded with borrowings by the Company under its existing credit agreement. 

Company Quote

-0.67 -0.42%
30 Oct 2014