Robbins Arroyo LLP: Acquisition of VCA Inc. (WOOF) by Mars, Incorporated (Private) May Not Be in Shareholders' Best Interests
January 10 2017 - 4:34PM
Business Wire
Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the proposed acquisition of VCA Inc. (NASDAQGS: WOOF)
by Mars, Incorporated (Private). On January 9, 2017, the two
companies announced the signing of a definitive merger agreement
pursuant to which Mars will acquire VCA. Under the terms of the
agreement, VCA shareholders will receive $93.00 for each share of
VCA common stock.
View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/shareholders-rights-blog/vca-inc
Is the Proposed Acquisition Best for VCA and Its
Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at VCA is undertaking a fair process to obtain maximum
value and adequately compensate its shareholders.
On October 26, 2016, VCA reported strong earnings results for
its third quarter 2016. VCA reported revenue of $656.9 million for
the three months ended September 30, 2016, a 19.1% increase over
the same period of the prior year. VCA also reported diluted
earnings per share of $0.71 for the three months ended September
30, 2016, a 6.0% increase from the same period of the prior year.
VCA has also beaten analyst estimates for adjusted net income,
revenue, and adjusted earnings per share in three of the past four
consecutive quarters. In commenting on these results, VCA Chief
Executive Officer and Chairman of the board Bob Antin remarked, "We
continue to experience healthy organic revenue growth and
increasing gross margins in both our core Animal Hospital and
Laboratory businesses. Given our results relative to our
expectations and our future acquisition pipeline, we remain
optimistic with respect to our results for the full year ended
December 31, 2016."
In light of these facts, Robbins Arroyo LLP is examining VCA's
board of directors' decision to sell the company now rather than
allow shareholders to continue to participate in the company's
continued success and future growth prospects.
VCA shareholders have the option to file a class action lawsuit
to ensure the board of directors obtains the best possible price
for shareholders and the disclosure of material information. VCA
shareholders interested in information about their rights and
potential remedies can contact attorney Darnell R. Donahue at (800)
350-6003, ddonahue@robbinsarroyo.com, or via the shareholder
information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits, and has helped its
clients realize more than $1 billion of value for themselves and
the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20170110006396/en/
Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free
(800) 350-6003ddonahue@robbinsarroyo.comwww.robbinsarroyo.com
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