07:26 AM EST, 02/18/2026 (MT Newswires) -- Cencora ( COR ) and Covetrus said Wednesday they have entered into a definitive agreement under which Cencora's ( COR ) MWI Animal Health will merge with Covetrus in a deal that values MWI at $3.5 billion.

Under the terms of the deal, Cencora ( COR ) shareholders will receive cash proceeds of $1.25 billion and $800 million of preferred equity while retaining a non-controlling common equity stake of 34.3% in the combined company.