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Article: United states : IMS to Sell Itself to TPG and CPP for $5.2 Billion.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
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Byline: Mamta03
IMS Health Inc. agreed to sell itself to investment funds managed by TPG and the CPP Investment Board for $5.2 billion in the biggest leveraged buyout of 2009.
Stockholders of IMS, which provides prescription data to drugmakers and analysts, will receive $22 a share in cash, the Norwalk, Connecticut-based company said today in a statement. The deal, expected to close in the first quarter of 2010, represents a 31 percent premium over yesterday s closing price.
Private-equity firms are resuming deal-making after a two- year drought triggered by the global credit crisis. Financing for new deals is becoming available as equity and ...