NEW
YORK, May 31, 2022 /PRNewswire/ -- Shareholder
rights law firm Julie & Holleman has launched an investigation
into the proposed acquisition of Covetrus, Inc. (NASDAQ: CVET) by
funds affiliated with private equity firms Clayton, Dubilier &
Rice (CD&R) and TPG Capital.
To learn more about the investigation, click here.
CD&R and its affiliates already own 24% of Covetrus'
outstanding shares of common stock. Under the companies' merger
agreement, announced on May 25, 2022,
CD&R and TPG will acquire the remaining outstanding shares of
Covetrus for $21 per share in cash,
which represents an enterprise value for the company of
approximately $4 billion.
Julie & Holleman is investigating potential legal claims
available to Covetrus shareholders regarding the proposed
acquisition, including claims relating to CD&R's and
management's conflicts of interest and the adequacy of the
$21 per share acquisition price.
Covetrus stock has traded at nearly 40% higher than the deal price
within the last year, and Wall Street analysts' price targets also
exceed the $21 per share price.
If you would like more information about Julie & Holleman's
investigation, or about the acquisition in general, please contact
W. Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020. You may
also visit the firm's website by clicking here.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions, and corporate
investigations. The firm's attorneys litigate in state and federal
courts across the nation. For more information about the firm,
please visit www.julieholleman.com. This notice may constitute
attorney advertising.
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SOURCE Julie & Holleman LLP