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All Penny Stocks.com News: Zoetis Buying Nexvet, Strengthens Dog and Cat Pain Drug Pipeline

 

Mississauga, ON -- (SBWIRE) -- 04/13/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Zoetis Buying Nexvet, Strengthens Dog and Cat Pain Drug Pipeline."

Companies mentioned in this article include Nexvet (NASDAQ:NVET) and Zoetis (NYSE:ZTS).

Article Excerpt:

Dogs and cats are people too. Okay, well maybe not, but they certainly are companions to millions of people that love them and don't want them to suffer from pain. Neither does Nexvet (NASDAQ:NVET), a developer of monoclonal antibody therapies for companion animals. The Ireland-based veterinary biologic therapeutics company's work has paid off for nearly every shareholder that bought in since May 2015, as Zoetis (NYSE:ZTS) today agreed to pay a premium to acquire the company.

Per the deal, which is being run through a Zoetis subsidiary, Nexvet will be acquired for $6.72 per share, or about $85 million in cash. That's a 65.93% premium to the closing price of NVET shares on Wednesday.

The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/744/zoetis-buying-nexvet-strengthens-dog-and-cat-pain-drug-pipeline.htm

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