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Mars $9.1 billion acquisition of VCA

9/1/2017
Public acquisition
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$ 9.1 billion

Announced

9/1/2017

Overview:

  • Mars has acquired veterinary hospital operator VCA in a $7.7 billion deal.
  • Mars paid $93 a share in cash and will assume $1.4 billion in VCA's debt.
  • Primarily known as a candy manufacturer, Mars also owns Banfield Pet Hospital and BluePearl Veterinary Partners.
  • Barclays Capital acted as financial adviser for VCA.
  • The transaction is expected to close in the third quarter of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sectors:

Healthcare
Food and beverage

Firms:
Akin Gump Strauss Hauer & Feld

Party: VCA (Target)

Lawyer: Carlos Bermudez

Cleary Gottlieb Steen & Hamilton

Party: Barclays Capital (Financial adviser)

Potter Anderson & Corroon

Party: VCA (Target)

Lawyer: Michael Tumas

Simpson Thacher & Bartlett

Party: Mars (Acquirer)

Lawyers: Jennifer Hobbs, Richard Fenyes

Skadden Arps Slate Meagher & Flom

Party: Mars (Acquirer)

Lawyers: Howard Ellin, June Dipchand, Neil Stronski

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