MWI buys Tri V
MWI Veterinary Supply has bought Tri V Services for $5m. Around $4.5m was cash and the remainder was in 12,692 shares of restricted common stock. Tri V, based in Sterling Heights, Michigan, distributes veterinary products to around 850 veterinary practices with a particular focus on emergency clinics and ophthalmology specialists. It reported sales of roughly $8m in fiscal 2006. MWI is based in Meridian, Idaho, and trades on the NASDAQ stock exchange under the ticker symbol "MWIV".