CD&R and TPG to acquire the remaining shares in Covetrus for $3bn.

Private equity firms Clayton, Dubilier & Rice and TPG Capital agreed to acquire the remaining shares in Covetrus, an American company providing animal health products and related services, for $3bn. "Our Board and management team are currently reviewing the offer as we look for ways to help Covetrus continue to grow and better serve our customers, employees, suppliers, business partners and shareholders. There can be no assurance that any transaction will be consummated, but regardless of the ultimate outcome, this is a vote of confidence in our future from our largest shareholder, CD&R. As always, we remain focused on empowering veterinarians and driving better care for animals across the globe," Covetrus.