News Summary: McKesson buying PSS World for $1.46B
Published: October 25, 2012
Leave a comment
THE BUY: Prescription drug distributor McKesson Corp. said Thursday it will buy PSS World Medical Inc., a medical supply distributor, for $1.46 billion, or $34 per share.
Advertisement
THE PRICE: McKesson valued the deal at $2.1 billion including debt. It is offering a premium of 34 percent to the latest closing price of PSS World shares.
THE COMBINATION: PSS World had $2.1 billion in revenue in its latest fiscal year, and it will become part of McKesson's medical-surgical business, which has about $3.15 billion in annual revenue. McKesson gets the vast majority of its revenue from wholesale prescription drug sales.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
Mortgage Rates Hit 2.50%
White House Program Cuts Up to $1k off Monthly Payments! (2.90% APR)
www.SeeRefinanceRates.com
White House Program Cuts Up to $1k off Monthly Payments! (2.90% APR)
www.SeeRefinanceRates.com
New Rule in CALIFORNIA:
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
Prev
