The possible $35 million settlement of a 2019 suit against Covetrus Inc. comes as shareholders will decide Tuesday whether to sell the veterinary technology and services company to a pair of private investment firms.
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Clock is ticking for future of Maine’s largest public company
Covetrus could be sold and taken private if shareholders approve a $4 billion deal on Oct. 11.
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Covetrus reports net loss, higher revenue for third quarter
The Portland-based company cited challenges related to the coronavirus pandemic when explaining the quarterly net loss.
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Maine employers send workers home, make drastic changes
The coronavirus is forcing large Portland-area businesses to adopt new rules to keep workers healthy and business humming.
Posted inBusiness, Local & State, News
Covetrus co-founder David Shaw to leave board of directors
He says he will not seek re-election to the Portland veterinary company’s board, citing personal health reasons.
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Covetrus announces $1 billion loss for its troubled first year
The Portland-based veterinary technology company intends to focus on its core business under a new permanent CEO announced Tuesday.
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Covetrus to sell off animal health business, merge another with Spanish firm
Selling a division for $125 million will help the Portland-based company pay down debt, while the merger with Distrivet of Spain will expand its Iberian operations.
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Portland-based Covetrus announces another senior management change
Following a troubled first year of operations, the veterinary technology and services company has replaced its chairman, CEO, chief financial officer and global supply chain officer.
Posted inBusiness, Local & State, News
More turnover at Covetrus as executive accused in investors’ lawsuit steps down
Executive Vice President and Chief Financial Officer Christine Komola leaves her job two months after the company’s former president and CEO, Benjamin Shaw.
Posted inBusiness, Local & State, News
Covetrus admits ‘self-inflicted missteps,’ records $1 billion ‘goodwill’ charge
In its third-quarter earnings report, the Portland-based company takes the massive charge in an attempt to square its value on paper with its present reality.