Zoetis Inc. and Nexvet Biopharma PLC announced an agreement in which Zoetis, through wholly owned subsidiary Zoetis Bidco, will purchase Nexvet, an innovator in monoclonal antibody (mAb) therapies for companion animals. The purchase price is $6.72 per share, comprising an aggregate equity valuation of approximately $85 million.
The per-share consideration represents a 66% premium over Ireland-based Nexvet’s April 12 closing price.
The acquisition will strengthen Zoetis&r
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