McKesson's PSS World Medical Acquisition Still on Track
Dec 26th 2012 8:22PM
Updated Dec 26th 2012 8:30PM
On Wednesday, health-care services and IT firm McKesson Corporation (NYS: MCK) confirmed it has received notification of the early termination of the Hart-Scott-Rodino waiting period required prior to close its purchase of PSS World Medical (NAS: PSSI) . Assuming other preconditions to the acquisition are fulfilled, the company expects to close the $1.4 billion acquisition in Q1 2013.
Shares of PSS are up 1.3% on the news at $28.85, within $0.15 of McKesson's purchase price. Shares of McKesson are heading the other way, down 1.2% at $96.44.
The article McKesson's PSS World Medical Acquisition Still on Track originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend McKesson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.