Tractor Supply Signs Definitive Deal To Acquire Privately Held Online Pet Pharmacy Allivet In An All-Cash Transaction; No Terms Disclosed
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Tractor Supply has signed a definitive agreement to acquire Allivet, an online pet pharmacy, in an all-cash transaction. The acquisition aims to provide a low-cost pet pharmacy solution for its members. The deal is expected to close in the first quarter of 2025, pending regulatory approvals.
October 24, 2024 | 11:32 am
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Tractor Supply is acquiring Allivet to expand its pet pharmacy services, potentially increasing customer engagement and revenue. The deal is expected to close in Q1 2025.
The acquisition of Allivet by Tractor Supply is a strategic move to enhance its product offerings in the pet pharmacy sector, which could lead to increased customer engagement and revenue. The all-cash transaction indicates financial stability and commitment to growth. The expected closing in Q1 2025 provides a timeline for investors to anticipate changes.
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