FTC to block $3.5B veterinary merger
Chairman Andrew Ferguson has stepped up his regulatory oversight.
The Federal Trade Commission (FTC) is set to file a lawsuit today to prevent a $3.5 billion merger between two veterinary supply companies, according to sources familiar with the situation. The FTC aims to stop CD&R and TPG-owned Covetrus from acquiring MWI Veterinary Supply, a national supplier of medical products. The regulator cites increased costs for pet owners and veterinary clinics as grounds for blocking the deal, stating that the combination would create a highly concentrated market.
Neither Covetrus nor MWI responded to requests for comment on the matter. The FTC, under Chair Andrew Ferguson, has been focused on its regulatory mission, using enforcement tools to advance President Donald Trump's agenda, particularly regarding affordability. Ferguson has recently pursued merger enforcement cases, including a $5 billion merger between two uniform and office equipment suppliers.
The FTC plans to hold a pre-formal hearing on this deal in the coming days. Mergers investigations reached a record low in 2025, according to the DAMITT database maintained by Dechert law firm.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
