Market Overview

MWI Receives Early Termination of HSR Waiting Period for the Acquisition of Substantially All of the Assets of Micro Beef Technologies, Ltd.

Share:

MWI Veterinary Supply (NASDAQ: MWIV) announced today that on October 4, 2011, the Department of Justice and Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for the proposed acquisition of substantially all of the assets of Micro Beef Technologies, Ltd. ("Micro"). As previously announced, MWI entered into a definitive agreement to acquire substantially all of the assets of Micro for approximately $60 million, including approximately $53.4 million in cash and common stock valued at $6.6 million. The agreement is subject to certain customary closing conditions. The expiration of the waiting period under the HSR Act satisfies one of the closing conditions of the transaction, which is expected to close by the end of October 2011.

Posted-In: M&A News

 

Related Articles (MWIV)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Horsehead and Nucor Expand and Extend Recycling Services Agreement

Clark Holdings Inc. Announces Resignation of Interim President and Chief Operating Officer