McKesson Corporation (MCK) announced on Thursday that it will acquire PSS World Medical (PSSI) in a deal valuing the company at $29.00 per share. Shares in McKesson rose more than 4.0% on Thursday on the back of the deal and the company's quarterly results. Shares of PSS rose 33% on the back of the offer, and closed Friday's trading session at $28.57 per share.
The Deal
McKesson announced that it would buy PSS World Medical for $29.00 per share. The purchase will form a leading provider of medical supplies, services and technology to physician and extended care customers.
McKesson will use the distribution infrastructure, private label offering and sales and customer service teams to provide the best of both companies to customers. Customers will have access to a broad array of medical products and services.
Read the entire article on Seekingalpha by clicking the following link
No comments:
Post a Comment