News Releases

Baker Botts Client PetIQ to Acquire Capstar from Elanco Animal Health As Part of U.S. FTC Approval of Elanco-Bayer Deal

Release

WASHINGTON D.C., July 15, 2020 – Baker Botts L.L.P., a leading international law firm, announced today that its client PetIQ, Inc. (Nasdaq: PETQ), a leading pet medication and wellness company, will acquire Capstar®, an oral tablet that kills fleas in dogs and cats, from Elanco Animal Health Incorporated (NYSE: ELAN) in an all-cash $95 million deal following U.S. Federal Trade Commission approval of Elanco’s global acquisition of Bayer Animal Health.

 

The Baker Botts team was led by Antitrust Group Co-Chair Steve Weissman, assisted by Jana Seidl. Both are residents in the firm’s Washington D.C. office. Mr. Weissman previously served as Deputy Director for the FTC’s Bureau of Competition (2013-2015).

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