Debevoise & Plimpton and Ropes & Gray are counseling Clayton, Dubilier & Rice and TPG Capital on their agreement to take animal-health technology and services company Covetrus, Inc. private in a deal valued at around $4 billion.
Weil, Gotshal & Manges is advising Portland, Maine-headquartered Covetrus on the transaction, which is expected to close in the second half.
The agreement calls for the two private equity firms to pay $21 per share for all Covetrus outstanding shares not already owned by CD&R, which currently holds around 24%, according to a statement
The $21 per share offer represents a 39% premium ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.