(Updates with the stock move in the headline and the second paragraph.)
Option Care Health (OPCH) is in advanced talks to be acquired by McKesson (MCK) and private equity firm Clayton Dubilier & Rice in a transaction valuing the company at over $5 billion, including debt, the Financial Times reported Monday, citing sources with knowledge of the matter.
Option Care Health shares surged 20% in Tuesday's premarket activity.
A deal could be finalized as early as Tuesday, though an agreement has not yet been formally reached and discussions may still fail, according to the publication.
Under the terms being negotiated, Clayton Dubilier & Rice would hold a 51% controlling stake in Option Care Health while McKesson would take a 49% interest, the news outlet reported.
Clayton Dubilier & Rice, McKesson, and Option Care Health did not immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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