HSKA - Heska gains after Mars agrees on acquisition
2023-04-03 08:50:25 ET
- Heska ( NASDAQ: HSKA ) shares were trading ~21% higher Monday pre-market after Mars agreed to acquire the advanced veterinary diagnostic and specialty products company for $120 per share.
- The purchase price represents a premium of ~23% over Heska's Mar. 31 closing price.
- The agreement has been unanimously approved by the boards of both the companies.
- Heska is set to join the confectionery, food and pet care products and services company's unit, Mars Petcare.
- The transaction is anticipated to close in 1H.
- Source: Press Release
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Heska gains after Mars agrees on acquisition