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Monday, March 14, 2011

Lextron to acquire Animal Health for $111 mln

Lextron Inc plans to buy rival Animal Health International for $111 million in cash to form one of the largest animal health businesses, the companies said. Under the deal, privately held Lextron will acquire all outstanding shares of Animal Health for $4.25 per share, with support from funds affiliated to private equity firm Leonard Green and Partners LP. Lextron's offer represents a premium of 11 percent to Animal Health's Friday close, the companies said.

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