Why is Henry Schein(HSIC) stock down sharply today? What is this CVET stock suddenly in my portfolio? We’ve been talking about it a lot, but Covetrus(CVET) is finally here. After the market closed yesterday, Henry Schein completed its spinoff of Covetrus, distributing Covetrus stock to shareholders. Covetrus immediately merged with Vets First Choice in a Reverse Morris Trust… Read More »
Just last week, Henry Schein(HSIC) announced the distribution date for its spinoff and Reverse Morris Trust transaction of Covetrus(CVET). Yesterday, the company announced a three day delay in the distribution due to the ongoing government shutdown. Whereas the company had formerly expected its registration to be effective on January 28, it now anticipates it will be effective no… Read More »
Just weeks after choosing its name, Covetrus(CVET), not covfefe, and filing a registration statement, Henry Schein(HSIC) has set a date for the spinoff, and it’s soon. On February 4, Henry Schein will spin off HS Spinco to shareholders of record as of January 17. HS Spinco will subsequently merge with Direct Vet Marketing, Inc. (d/b/a Vets First Choice) in… Read More »