Today is a good day for our pet health care stock (and hopefully another healthy day for all of our pets).
VCA, Inc., which we enjoy referring to by its stock symbol “WOOF,” announced this morning that it is being acquired by Mars, Inc. Under the terms of the deal, Mars will pay $93 as share for VCA. That is a 31% premium over Friday’s share price $70.77.
Privately held Mars, the maker of candies such as M&M’s, 3 Musketeers and (my favorite) Snickers, offered $7.7 billion in cash plus $1.4 billion in debt to buy VCA.
As the largest veterinary services provider in the nation, VCA is seen as an attractive asset in Mars pet care division. Pet care has been an important part of Mars for over 80 years, making it one of the world’s leading pet care providers.
As the largest veterinary services provider in the nation, VCA is seen as an attractive asset in Mars pet care division. Pet care has been an important part of Mars for over 80 years, making it one of the world’s leading pet care providers.
Since the acquisition of VCA is not expected to close until the third quarter of 2017, it will be prudent to realize this stock gain before then.
Please call anytime you have questions.