Wednesday, January 09, 2019

Equity Corporate Actions Alert #2019 - 7
(UPDATED) Spin-Off/Distribution Information for Henry Schein, Inc. (HSIC)

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  • Industry Announcement

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On April 23, 2018, Henry Schein, Inc. (HSIC) announced a spin-off of its Animal Health Business and merger with it with Vets First Choice. The combined new company intends to list its common stock on the Nasdaq Global Select Market as Covetrus, Inc. (CVET). The EX distribution when-issued market of Henry Schein, Inc. (HSICV) and the when-issued market for Covetrus, Inc. Common Stock (CVETV) listing dates have been revised and are now expected to begin trading on Nasdaq on Monday, February 4, 2019. The spin-off dates have been also been revised. The spin-off is pending SEC Effectiveness expected on February 4, 2019. The details for the spin-off and when-issued markets are as follows:

Company/ Parent: Henry Schein, Inc.
Issue: Common Stock
CUSIP: 806407102
Symbol: HSIC
Record Date: January 17, 2019
Payment Date: February 7, 2019
EX Date: February 8, 2019
Due Bill Redemption Date: February 11 2019
Ratio of Spin-Off/ Distribution:
0.4 of a share of Covetrus, Inc. (CVET) for each share of Henry Schein, Inc. (HSIC) held.

An EX distribution when issued market will be established for Henry Schein, Inc. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: HSICV
CUSIP: 806407110
First Trade Date: February 4, 2019
Anticipated Suspension Date: February 8, 2019
Settlement Date: February 12, 2019

A when-issued market will be established for the shares of Covetrus, Inc. (CVETV). The details for the when issued market are as follows:

Symbol: CVETV
CUSIP: 22304C100
First Trade Date: February 4, 2019
Regular Way Trading Begins: February 8, 2019
Settlement Date: February 12, 2019

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in HSICV or CVETV contact Nasdaq Trading Services at +1 212 231 5100.


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