VetPartners to acquire ASX-listed National Veterinary Care for $168m

Photo: Unsplash

Australia’s National Veterinary Care Ltd said on Monday it entered into an initial agreement to be acquired by a veterinary clinic chain operator, in a deal valued at A$248.4 million ($168.56 million).

Under the deal, VetPartners has offered to pay A$3.70 for each share of National Veterinary Care, which represents a premium of about 56.8% to the stock’s last closing price.

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