May 16, 2018 / 11:11 AM / in 5 months

BRIEF-Zoetis To Acquire Abaxis for about $2 Bln In Aggregate

May 16 (Reuters) - Zoetis Inc:

* ZOETIS TO ACQUIRE ABAXIS, A LEADING GLOBAL PROVIDER OF VETERINARY POINT-OF-CARE DIAGNOSTIC INSTRUMENTS

* ZOETIS INC - PURCHASE PRICE OF DEAL WAS $83 PER SHARE IN CASH, OR APPROXIMATELY $2.0 BILLION IN AGGREGATE

* ZOETIS INC - EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS IN 2019

* ZOETIS INC - INTENDS TO FUND PURCHASE THROUGH A COMBINATION OF EXISTING CASH AND NEW DEBT

* ZOETIS - EXPECTS DEAL TO HAVE IMPACT ON 2018 EARNINGS RELATED TO CUSTOMARY CLOSING ACTIVITIES; ON ADJUSTED BASIS, CO DOES NOT EXPECT MATERIAL IMPACT Source text for Eikon: Further company coverage:

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