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PetIQ to use debt facilities to buy Capstar portfolio from Elanco
By Marisa Wong
Los Angeles, Jan. 13 – PetIQ, Inc. said it plans to use its existing debt facilities and cash on hand to acquire Capstar from Elanco Animal Health, Inc.
The company plans to acquire the over-the-counter flea treatment product portfolio for $95 million in cash, according to a press release.
PetIQ is a pet medication and wellness company based in Eagle, Idaho.
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