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With rumors swirling around the Caduceus Software Systems Corp (OTCMKTS:CSOC) merger story over recent weeks, bears have been on the run and investors have been driving shares higher in front of anticipated announcement.
The company has dropped numerous hints and set the stage for something with commercial-stage operations in the consumer packaged goods space with a strong revenue outlook that isn’t vulnerable to economic cyclicality – ie, something recession-proof.
The wait is officially over as of yesterday morning with the company announcing its acquisition of McLovins Pet Food, Inc. (mclovinspetfood.com), a California registered company active in the pet food industry.
According to the release, completion of the transaction, subject to customary closing conditions, is anticipated within this month.
Better than Expected
While Caduceus Software Systems Corp (OTCMKTS:CSOC) had set high expectations and communicated the bar to the markets in advance, it’s difficult to see this announcement as anything other than a vast overshooting of market-priced expectations.
The pet food space is a huge and rapidly growing market, driven by the pet humanization trend in developed world economies, as people invest larger and larger shares of the household budget in the health and wellness of our furry friends.
According to recent analysis from Grand View…