US FTC Blocks Cencora Veterinary Sale
The US antitrust regulator filed a lawsuit to block Cencoras 3.5 billion sale of its veterinary unit to Covetrus. The FTC argues the merger would raise costs for clinics and pet owners. Covetrus plans to defend the transaction in court.
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The FTC filed a federal lawsuit on Friday afternoon in the United States to block Cencora from offloading MWI Animal Health for $3.5B. The transaction would combine two of the largest veterinary medicine distributors in the country. Regulators argue the merger would raise operational costs for clinics and pet owners.
