October 25, 2012 at 15:22 PM EDT
McKesson, PSS Deal Continues Medical Consolidation
The drug wholesaler McKesson (MCK) is buying medical products distributor PSS World Medical (PSSI) for $1.46 billion, as the sector's mergers and consolidations continue. McKesson also reported better-than expected fiscal second-quarter earnings. Shares rose 4.1% to 93.20, hitting a three-month high. PSS shares surged 32% to 28.58 late in the session, just under the $29-per-share cash offer. "By preserving the strengths of both businesses, the
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here