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Overview
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Zoetis Inc. agrees to sell its medicated feed additive portfolio to Phibro Animal Health for $350 million, with the portfolio generating $400 million in revenue in 2023. The transaction includes over 37 product lines sold in 80 countries and involves six manufacturing sites across the U.S., Italy, and China.
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How could this strategic divestiture influence the competitive landscape within the animal health industry?
How might this acquisition impact Phibro Animal Health's market position and product offerings?
What specific types of animal health, productivity, and sustainability solutions will Zoetis focus on post-divestiture?
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