Market Overview

McKesson to Purchase PSS World Medical for $2.1B or $29.00/Share Cash

Related MCK
#PreMarket Primer: Friday, October 31: BOJ Spooked By Lackluster Growth And Inflation
Earnings Scheduled For October 28, 2014

McKesson Corporation (NYSE: MCK) and PSS World Medical, Inc. (NASDAQ: PSSI), announced today that the two companies have signed a definitive
agreement under which McKesson will acquire all outstanding shares of
PSS World Medical for $29.00 per share in cash. PSS World Medical and
McKesson's Medical Surgical business will combine to form a leading
provider of medical supplies, services and technology to physician and
extended care customers.

The total transaction, including the assumption of PSS World Medical's
outstanding debt, is valued at approximately $2.1 billion. The
transaction, which has been approved by the boards of directors of both
companies, is subject to customary closing conditions, including all

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

Related Articles (PSSI + MCK)

Around the Web, We're Loving...

Get Benzinga's Newsletters