AmerisourceBergen To Acquire MWI Veterinary Supply - Quick Facts

(RTTNews) - AmerisourceBergen (ABC) and MWI Veterinary Supply, Inc. (MWIV) announced they have entered into a definitive merger agreement for AmerisourceBergen to acquire MWI Veterinary Supply, the leading animal health distribution company in the United States. AmerisourceBergen, through a new wholly-owned subsidiary, will make an all cash tender offer for all of the outstanding shares of MWI at a price of $190.00 per share, representing a $2.5 billion fully diluted equity value.

AmerisourceBergen expects the acquisition of MWI to contribute approximately 8 cents in adjusted earnings per share to the company's fiscal 2015. The company expects to finance the transaction through a combination of cash and long-term debt.

AmerisourceBergen will commence a tender offer no later than January 26, 2015. The tender offer is conditioned on MWI's stockholders tendering at least a majority of outstanding shares in the tender offer, clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The Board of MWI has unanimously approved the transaction.