April 28 (Reuters) - Phibro Animal Health Corp ( PAHC ):

* ZOETIS TO SELL MEDICATED FEED ADDITIVE PORTFOLIO TO PHIBRO

ANIMAL HEALTH

* DEFINITIVE AGREEMENT FOR $350 MILLION

* MORE THAN 300 ZOETIS COLLEAGUES SUPPORTING MANUFACTURING,

DISTRIBUTION, COMMERCIAL ACTIVITIES TO TRANSITION TO PAHC

* ALSO INCLUDED IN AGREEMENT ARE SIX MANUFACTURING SITES,

FOUR IN

U.S., ONE IN ITALY AND ONE IN CHINA

* WILL ACQUIRE ZOETIS' MFA PRODUCT PORTFOLIO, CERTAIN WATER

SOLUBLE PRODUCTS AND RELATED ASSETS

* PORTFOLIO IS EXPECTED TO BOOST CO'S PROFITABILITY AND

EBITDA

MARGIN AND BE ACCRETIVE TO ITS ADJUSTED EARNINGS PER SHARE

* ACQUISITION EXPECTED TO BE FUNDED WITH DEBT, AND CO

RECEIVED

FINANCING COMMITMENTS FROM NUMBER OF KEY RELATIONSHIP BANKS.

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