FTC to block $3.5B veterinary merger
The FTC is also planning to block a $5 billion merger of two uniform and office equipment suppliers, Semafor reported.
Key points
- Rohan’s view Under Andrew Ferguson, the FTC, unlike the Justice Department, has managed to focus on its regulatory mission — even if it has allowed many mergers to pass uncontested.
- It is that focus, Washington insiders say, that has now given Ferguson a degree of latitude to pursue cases and merger enforcement that he desires.
- The FTC plans to set a last-rites meeting — a precursor to that formal suit — in the coming days, other people familiar with the matter said.
The antitrust regulator is planning to file suit to block a $3.5 billion veterinary deal later today, according to people familiar with the matter, seeking to prevent a private equity-owned company from acquiring a smaller rival.
The regulator plans to cite increased costs for pet owners and veterinary clinics as part of the suit to block CD&R and TPG-owned Covetrus from acquiring MWI Veterinary Supply, the people said.
Additional details
- Notable Merger investigations neared a record low in 2025, according to the DAMITT database maintained by law firm Dechert.
- The Scoop The FTC is flexing its regulatory muscle again.
- It has used its enforcement tools to execute President Donald Trump’s agenda, which has recently centered on affordability.
- The Commission believes that the combination would result in a highly concentrated market, the people said.
- Covetrus and MWI are both national suppliers of medical supplies and products.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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