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Article: CARDINAL HEALTH AND MEDICINE SHOPPE INTERNATIONAL SIGN MERGER AGREEMENT
- Article from:
- PR Newswire
- Article date:
- August 28, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBLIN, Ohio, and ST. LOUIS, Aug. 28 /PRNewswire/ -- Cardinal Health, Inc. (NYSE: CAH), a leading U.S. pharmaceutical distributor, and Medicine Shoppe International, Inc. (Nasdaq: MSII), the largest franchisor of independent retail pharmacies in the U.S., jointly announced today that they have signed a definitive agreement with respect to a merger in which Medicine Shoppe will become a wholly owned subsidiary of Cardinal Health.
Under the terms of the transaction, shareholders of Medicine Shoppe will receive $45.00 in the form of Cardinal Health common stock for each common share of Medicine Shoppe, so long as the market price of Cardinal stock is between $51.58 and ...