Linnaeus Group Limited agreed to acquire Dick White Referrals and Anderson Moores and Northwest Veterinary Specialists and Eye Vet and Veterinary Specialists from Pets at Home Group Plc (LSE:PETS) for £100 million on December 1, 2020. Under the terms of the transaction, the consideration of up to £100 million will comprise £80 million in cash on completion expected early next year and deferred cash consideration of £20 million, payable upon certain financial milestones being met in the future. All services will retain their existing branding and will initially continue with business as usual, with all 680 staff transferring to Linnaeus after completion. The transaction is subject to a limited number of customary conditions and approvals. The transaction is expected to complete in the first quarter of 2021. The cash proceeds will be retained by Pets at Home Group Plc for general corporate purposes.