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Mars to buy pet health care provider VCA for $7.7 billion

VCA will operate as a separate business unit within Mars Petcare

Mars Petcare
Mars Petcare
Reuters
Last Updated : Jan 09 2017 | 7:38 PM IST

Candy and pet food maker Mars Inc said it would buy VCA Inc, which runs hospitals for animals, for $7.7 billion.

Mars, the maker of Whiskas and Pedigree pet products, will pay $93 per share, a premium of 31.4 percent to VCA's Friday closing price.

The enterprise value of the deal is $9.1 billion including $1.4 billion in debt, the companies said in a statement on Monday.

VCA will operate as a separate business unit within Mars Petcare, the biggest pet food maker in the world.

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First Published: Jan 09 2017 | 7:30 PM IST

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