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Healthcare

Zoetis to buy Abaxis for $1.9 bln in cash

May 16 (Reuters) - Animal health company Zoetis Inc said on Wednesday it would buy Abaxis Inc, a maker of veterinary diagnostic instruments, for about $1.9 billion in cash.

Zoetis has offered Abaxis $83 per share, a premium of 15.7 percent to its Tuesday’s close. (Reporting by Tamara Mathias in Bengaluru; Editing by Anil D’Silva)

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