US FTC's Covetrus-MWI Animal Health review weighs pet, livestock market differences
By Flavia Fortes ( July 31, 2026, 16:22 GMT | Comment) -- The US Federal Trade Commission's review of Covetrus' proposed acquisition of MWI Animal Health is likely centering on the question of whether veterinary distribution should be analyzed as a single market or divided between companion-animal and production-animal customers. The agency's civil investigative demands ask third parties to catalogue products sold to companion-animal veterinarians, describe relevant services and explain the requirements for entering or expanding in the business, suggesting the FTC is evaluating where the boundaries of the relevant market should be drawn. The US Federal Trade Commission's review of Covetrus' proposed acquisition of MWI Animal Health is likely centering on the question of whether veterinary distribution should be analyzed as a single market or divided between companion-animal and production-animal customers....
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