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AmerisourceBergen Corp. to Acquire MWI Veterinary Supply (ABC, MWIV)

AmerisourceBergen Corp. (ABC) announced on Monday morning that it has agreed to purchase MWI Veterinary Supply (MWIV) for $2.5 billion.

Animal health distribution company MWI Veterinary Supply will be acquired by AmerisourceBergen in an all cash deal for all of the outstanding shares worth approximately $2.5 billion. ABC said that it will finance the deal through cash and debt.

According to ABC’s president and CEO Steven H. Collis: “MWI is the premier supply chain company in animal health, with leading positions in both the companion and production markets, and we are very excited to have them join AmerisourceBergen. Animal health is a growing market in the US and internationally, and is a logical extension of our pharmaceutical distribution and services businesses. Utilizing AmerisourceBergen’s knowledge of manufacturer and provider services, our global reach and partnership philosophy, combined with MWI’s expertise in veterinary and agricultural markets, we will collaboratively launch the next generation of superior animal health products and services together.”

The Bottom Line

Shares of AmerisourceBergen Corp. (ABC) have a yield of 1.25% based on the Friday’s closing price of $93 and the company’s annualized payout of $1.16.

AmerisourceBergen Corp. (ABC) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

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