Updated

The Federal Trade Commission sued on November 13, 2026 to block Covetrus Inc. from acquiring rival MWI Veterinary Supply Inc. for $3.5 billion. The FTC alleges that combining the two biggest distributors of veterinary products and services would drive up costs and lead to higher prices for veterinary clinics and pet owners. The MWI business is owned by Cencora Inc. and the buyer's owners are Clayton, Dubilier & Rice LLC and TPG Inc. The suit seeks to block the deal, which would combine the two closest competitors in veterinary distribution.