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Cardinal and Allegiance merge in $5.2bn deal
13 Jul 1999
Executive Summary
Cardinal Health will acquire Allegiance (hospital products supplier) for $5.2bn. Cardinal will issue about $4.3bn in stock--49mm shares total, or 0.415 share for each of Allegiance's 118.4mm outstanding shares. Cardinal also assumes $890mm in debt.
Deal Industry
- Distributors
- Medical Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Stock
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Cardinal and Allegiance merge in $5.2bn deal
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