Covetrus (CVET) Confirms Receiving $21 Per Share Offer From Clayton, Dubilier & Rice and TPG Global
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Go back to Covetrus (CVET) Confirms Receiving $21 Per Share Offer From Clayton, Dubilier & Rice and TPG Global
May 20, 2022 10:27 AM EDT
Stifel analyst Jonathan Block weighed in on CD&R's $21 per share takeover offer for the rest of Covetrus (NASDAQ: CVET), calling it "relatively modest."
"Our initial reaction is that the $21 offer price is relatively modest as it would imply a... More
May 20, 2022 8:06 AM EDT
(Updated - May 20, 2022 8:07 AM EDT)
Covetrus (NASDAQ: CVET) shareholder CD&R VFC HOLDINGS, L.P. disclosed:
On May 19, 2022, Clayton, Dubilier & Rice, LLC and TPG (together, the Sponsors) submitted a letter setting forth a non-binding proposal to acquire all of the outstanding shares of Common Stock of the Issuer that are not owned by the Sponsors or their affiliates for cash consideration of $21.00 per share of Common Stock (the Proposal) to a transaction committee of the board of directors of the Issuer (the Board) comprised of non-management directors that are independent of the Reporting Persons and their... More
