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Fisher Scientific terminates purchase of PSS World Medical
16 Jul 2002
Executive Summary
Hoping to create a company with pro forma 2001 revenues of $4.8bn, life sciences and diagnostics supplier Fisher Scientific will buy medical equipment distributor PSS World Medical. The deal will involve the exchange of each of PSS's 71mm outstanding shares for .312 of its shares (paying $11.86 each--a (pr)24% premium). Based on Fisher's 10-day average pre-announcement price, the transaction is valued at $843mm, or just under half of PSS's fiscal 2000 revenues.
Deal Industry
- Distributors
- In Vitro Diagnostics
- Medical Devices
- Pharmaceuticals
Deal Status
- Withdrawn
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Payment Includes Stock
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Fisher Scientific terminates purchase of PSS World Medical
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