CVET ALERT: Julie & Holleman Investigates Potential Legal Claims Related to Proposed Acquisition of Covetrus, Inc.

NEW YORK, May 31, 2022 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman has launched an investigation into the proposed acquisition of Covetrus, Inc. (NASDAQ: CVET) by funds affiliated with private equity firms Clayton, Dubilier & Rice (CD&R) and TPG Capital.

To learn more about the investigation, click here.

CD&R and its affiliates already own 24% of Covetrus' outstanding shares of common stock. Under the companies' merger agreement, announced on May 25, 2022, CD&R and TPG will acquire the remaining outstanding shares of Covetrus for $21 per share in cash, which represents an enterprise value for the company of approximately $4 billion.

Julie & Holleman is investigating potential legal claims available to Covetrus shareholders regarding the proposed acquisition, including claims relating to CD&R's and management's conflicts of interest and the adequacy of the $21 per share acquisition price. Covetrus stock has traded at nearly 40% higher than the deal price within the last year, and Wall Street analysts' price targets also exceed the $21 per share price.

If you would like more information about Julie & Holleman's investigation, or about the acquisition in general, please contact W. Scott Holleman by email at [email protected] or by telephone at (929) 415-1020. You may also visit the firm's website by clicking here.

Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm's attorneys litigate in state and federal courts across the nation. For more information about the firm, please visit www.julieholleman.com. This notice may constitute attorney advertising.

SOURCE Julie & Holleman LLP