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Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:31 EDTPRGOPerrigo to acquire Velcera for $160M in cash
Velcera, a privately-held, developer, manufacturer and marketer of OTC companion animal healthcare products, announced today that it has signed a definitive agreement to be acquired by the Perrigo for $160M in cash. The acquisition is expected to close during calendar year 2013 pending the satisfaction of closing conditions, including regulatory approvals. Subject to conditions at the time of closing and based upon current company assumptions, shareholders of Velcera common stock will be entitled to receive approximately 40c per share upon consummation of the transaction before allowance for an escrow holdback.
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