MWI Agrees to Acquire Assets of Micro Beef Technologies, Ltd.

MWI Veterinary Supply, Inc. MWIV announced today that it has entered into a definitive agreement to acquire substantially all of the assets of Micro Beef Technologies, Ltd. for approximately $60 million, including approximately $53.4 million in cash and common stock valued at $6.6 million. The transaction is subject to antitrust clearance and certain other customary closing conditions and is expected to close in MWI's first fiscal quarter of 2012, which ends December 31, 2011. The transaction is expected to be slightly accretive to MWI in the fiscal year ending September 30, 2012 after giving effect to acquisition-related expenses and integration costs.