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McKesson's PSS World Medical Acquisition Still on Track

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On Wednesday, health-care services and IT firm McKesson Corporation (NYSE: MCK  ) confirmed it has received notification of the early termination of the Hart-Scott-Rodino waiting period required prior to close its purchase of PSS World Medical (Nasdaq: PSSI  ) . Assuming other preconditions to the acquisition are fulfilled, the company expects to close the $1.4 billion acquisition in Q1 2013.

Shares of PSS are up 1.3% on the news at $28.85, within $0.15 of McKesson's purchase price. Shares of McKesson are heading the other way, down 1.2% at $96.44. 

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Rich Smith

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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Related Tickers

10/8/2015 4:00 PM
MCK $186.29 Down +0.00 +0.00%
McKesson CAPS Rating: *****
PSSI.DL $0.00 Down +0.00 +0.00%
PSS World Medical,… CAPS Rating: No stars