IMS Health Is Being Bought By TPG Capital And CPP Investment Board For $4 Billion (RX)
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[November 05, 2009]

IMS Health Is Being Bought By TPG Capital And CPP Investment Board For $4 Billion (RX)

Nov 05, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/5/2009 - IMS Health Inc. (NYSE:RX) said Thursday that it is being bought by investment funds TPG Capital and CPP Investment Board for $4 billion. IMS shareholders are getting $22 per share under the terms of the deal, which is a 31% premium to the stock's closing price on Wednesday. The announcement comes after weeks of speculation following media reports in October that the company was up for auction. IMS expects the deal to close by the end of Q1 2010 and was approved by its board of directors. Chairman and CEO David R. Carlucci said, "This transaction enables our shareholders to realize substantial value from their investment in IMS with an immediate cash premium, while at the same time strengthening our position to capture long-term growth opportunities." Write to Chip Brian at cbrian@tradethetrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.



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