Originally published by Portland Press Herald on February 6, 2019.
A new Maine-based company called Covetrus Inc. is expected to make its debut Friday as a publicly traded company on the Nasdaq stock exchange.
Covetrus, formed from the merger of Portland-based Vets First Choice and a division of Melville, New York-based Henry Schein Inc., would become Maine’s largest publicly traded company by far with annual revenue of about $4 billion. The state’s two largest existing publicly traded firms, Idexx Laboratories Inc. and Wex Inc., have generated revenue of $2.21 billion and $1.44 billion, respectively, in the most recent 12 months for which results are available.
Financial research and analysis firm S&P Dow Jones Indices said Wednesday in a news release that Covetrus, an animal health technology firm, would replace consulting firm The Dun & Bradstreet Corp. in its S&P MidCap 400 index beginning Friday if the stock goes public as expected.
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Read the full article here: https://www.pressherald.com/2019/02/06/huge-maine-based-company-expected-to-debut-friday/