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IMS Health to be sold for $5.2 billion
by Matthew Dennis
IMS Health announced Thursday it reached a $5.2-billion deal to be acquired by TPG Capital and the CPP Investment Board. Under the agreement, IMS shareholders will receive $22.00 for each share, representing a premium of approximately 50 percent over the closing price on October 16.
Closing of the transaction is expected to occur by the end of the first quarter of 2010, the company said.
Reference Articles
IMS Health to be bought for $4 billion - (ABC News)
IMS Health said to sell itself to TPG for about $4 billion - (Bloomberg)
TPG, Canada Pension near $4 bln IMS buyout -source - (Forbes)
IMS Health to be acquired by TPG and CPP Investment Board - (IMS Health)
IMS Health agrees to $5 billion buyout from TPG - (MarketWatch)
CPP eyes $4-billion LBO deal - (The Globe and Mail)
IMS Health nears LBO deal (free preview) - (The Wall Street Journal)
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