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Article: Canada : IMS Health To Be Acquired For $4B By TPG, Canada Pension Plan.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Byline: datta03
IMS Health Inc. (RX) agreed to be acquired by private equity firm TPG Inc. and the Canada Pension Plan for $4 billion in a deal that comes two weeks after the medical-data provider confirmed a possible buyout could happen.
If completed, the transaction would be the largest leveraged buyout of the year and the clearest sign yet that an improving economy and healthier financing markets are increasing private equity activity.
The offer is for $22 a share, a 31% premium to Wednesday's closing price. The stock was at $14.85 a share before The Wall Street Journal first reported that takeover talks were under way.
IMS shares ...