Tag Archives: Henry Schein Stock

Don’t CVET Your Neighbor’s Stock- Henry Schein Completes Spinoff Of Covetrus

Why is Henry Schein(HSIC) stock down sharply today? What is this CVET stock suddenly in my portfolio? We’ve been talking about it a lot, but Covetrus(CVET) is finally here.  After the market closed yesterday, Henry Schein completed its spinoff of Covetrus, distributing Covetrus stock to shareholders. Covetrus immediately merged with Vets First Choice in a Reverse Morris Trust… Read More »

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… Read More »

Shutdown Schein Spinoff Boogie- Covetrus Delayed Is Not Covetrus Denied

Just last week, Henry Schein(HSIC) announced the distribution date for its spinoff and Reverse Morris Trust transaction of Covetrus(CVET). Yesterday, the company announced a three day delay in the distribution due to the ongoing government shutdown. Whereas the company had formerly expected its registration to be effective on January 28, it now anticipates it will be effective no… Read More »

Schein A Light On Covetrus- Henry Schein Animal Health Spinoff Set For February 4

Just weeks after choosing its name, Covetrus(CVET), not covfefe, and filing a registration statement, Henry Schein(HSIC) has set a date for the spinoff, and it’s soon.   On February 4, Henry Schein will spin off HS Spinco to shareholders of record as of January 17. HS Spinco will subsequently merge with Direct Vet Marketing, Inc. (d/b/a Vets First Choice) in… Read More »

Schein On You Crazy Covetrus- Henry Schein Files Covetrus Registration Statement

It was just last week that the world first heard the name Covetrus. This week, Henry Schein(HSIC) filed a registration statement for HS Spinco, the Animal Health business it will be spinning off to merge in a Reverse Morris Trust transaction with Vets First Choice to form Covetrus.  Covetrus stock is expected to trade on NASDAQ under the… Read More »

Come Rain Or Come Schein- Animal Health Spinoff To Be Called Covetrus After Reverse Morris Trust Transaction With Vets First Choice

Back in April, Henry Schein, Inc.(HSIC) announced that it would be spinning off its Animal Health business and merging it with Vets First Choice in a Reverse Morris Trust transaction.  At the time, the company projected the transaction would be completed in the fourth quarter of 2018, but it has since slipped into the first quarter of 2019. … Read More »