Patterson Cos. Inc. says it will buy privately held Animal Health International Inc for $1.1 billion to expand in the fast-growing veterinary products market.
Animal Health makes feed and health products for pets and farm animals, and generated sales of $1.5 billion in the 12 months ended March 2015.
Swiss drugmaker Novartis is ready to sell its animal health subsidiary and has opened its books to Bayer and other rivals interested in a business that could change hands for more than 3 billion euros ($4.1 billion), sources familiar with the matter say.
Ludwig Burger and Arno Schuetze
December 09, 2013
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