Shareholders Foundation, Inc.

Takeover of MWI Veterinary Supply, Inc. (NASDAQ:MWIV) Under Investor Investigation

An investigation on behalf of investors of MWI Veterinary Supply, Inc. (NASDAQ:MWIV) in connection with the proposed takeover was announced and NASDAQ:MWIV stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 01/21/2015 -- An investigation on behalf of investors, who currently hold shares of MWI Veterinary Supply, Inc. (NASDAQ:MWIV), was announced concerning whether the takeover of MWI Veterinary Supply, Inc. by AmerisourceBergen for $190 per share is unfair to NASDAQ:MWIV stockholders.

Investors who purchased shares of MWI Veterinary Supply, Inc. (NASDAQ:MWIV) and currently hold any of those NASDAQ:MWIV shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of MWI Veterinary Supply, Inc. breached their fiduciary duties owed to NASDAQ:MWIV investors in connection with the proposed acquisition.

On January 12, 2015, AmerisourceBergen (NYSE:ABC) and MWI Veterinary Supply, Inc. (NASDAQ:MWIV) announced that they have entered into a merger agreement for AmerisourceBergen to acquire MWI Veterinary Supply, Inc.

Under the terms and conditions of the merger agreement, AmerisourceBergen, through a new wholly-owned subsidiary, will make an all cash tender offer for all of the outstanding shares of MWI Veterinary Supply, Inc. (NASDAQ:MWIV) at a price of $190.00 per share, representing a $2.5 billion fully diluted equity value.

However, the investigation concerns whether the offer is unfair to NASDAQ:MWIV stockholders. More specifically, the investigation concerns whether the MWI Veterinary Supply Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

MWI Veterinary Supply, Inc. reported that its Total Revenue rose from over $1.56 billion for the 12 months period that ended on Sept. 30, 2011 to over $2.98 billion for the 12 months period that ended on Sept. 30, 2014 and that its respective Net Income rose from $42.58 million to $71.96 million. Shares of MWI Veterinary Supply, Inc. grew from $61.02 per share in November 2011 to as high as $186.26 per share in January 2014.

On January 16, 2015 NASDAQ:MWIV shares closed at $189.54 per share.

Those who are current investors in MWI Veterinary Supply, Inc. (NASDAQ:MWIV) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com