Covetrus To Join S&P MidCap 400 As Dun & Bradstreet Gets A New Number From An Old Friend Of Ours

I’ve got a fever and the only cure is more Covetrus(CVET). Excitement mounts as we approach the completion of Henry Schein’s(HSIC) animal care spinoff and its merger with Vets First Choice in a Reverse Morris Trust transaction. The transaction is set to be completed today, February 7.  Tomorrow, February 8,  Covetrus stock will begin trading, and S&P will be making an index change as a result. Covetrus will join the S&P MidCap 400 as of the start of trading on Monday, February 11. Covetrus will replace The Dun & Bradstreet Corp(DNB).  Covetrus parent Henry Schein will remain in the S&P 500.

Dun & Bradstreet is being acquired by Cannae Holdings(CNNE), a new name for an old friend. Cannae is the former Fidelity National Financial Ventures, after it split off from Fidelity National Financial(FNF). It had previously been a tracking stock. We wrote about FNFV and its adventures on numerous occasions as it spun off or explored spinning off various holdings. It’s a good story; you should ask the Spin Doctor to tell you about it sometime.

Disclosure: The author holds no position in any stock mentioned