Zoetis to Sell Medicated Feed Additive Portfolio to Phibro Animal Health
Zoetis Inc. Class A (ZTS)
Last zoetis inc. class a earnings: 2/13 07:00 am
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Source: Business Wire
PARSIPPANY, N.J. & TEANECK, N.J.--(BUSINESS WIRE)--Zoetis Inc. (NYSE:ZTS) and Phibro Animal Health Corporation (Nasdaq: PAHC) today announced that they have entered into a definitive agreement where Phibro Animal Health will acquire Zoetis’ medicated feed additive (MFA) product portfolio, certain water soluble products and related assets for $350 million, subject to customary closing adjustments. This transaction is expected to be complete in the second half of calendar year 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240428775498/en/Both Zoetis and Phibro Animal Health have a longstanding commitment to the production animal health sector. The acquired product portfolio, which generated approximately $400 million in revenue in 2023, is comprised of more than 37 product lines that are sold in approximately 80 countries. Also included in the agreement are six manufacturing sites, four in the U.S., one in Italy and
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ZTS
Earnings
- 5/2/24 - Beat
ZTS
Sec Filings
- 5/8/24 - Form DEFA14A
- 5/7/24 - Form 144
- 5/6/24 - Form DEFA14A
- ZTS's page on the SEC website