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JAB Consumer Partners to divest vet clinics in California, Texas as part of deal with FTC over SAGE Veterinary acquisition

( June 13, 2022, 17:11 GMT | Official Statement) -- MLex Summary: JAB Consumer Partners has agreed to divest clinics in California and Texas as a condition of its proposed $1.1 billion acquisition of competing clinic operator SAGE Veterinary Partners, the US Federal Trade Commission announced. The agency also imposed robust prior approval and prior notice requirements on JAB’s future acquisitions of specialty and emergency veterinary clinics. The FTC claimed that the acquisition would likely be anticompetitive in three geographic markets for various types of veterinary care in Texas and California.Statement and documents follow below:...

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