Summary
McKesson Corporation (MCK) filed an 8-K on July 10, 2002, to announce the successful completion of its tender offer for A.L.I. Technologies Inc. common shares. McKesson's wholly-owned Canadian subsidiary, 646543 B.C. Ltd., acquired approximately 98.1% of A.L.I.'s outstanding shares through an offer that expired on July 5, 2002, at a price of Cdn$43.50 cash per share. Following the substantial acceptance of the offer, McKesson will proceed with a compulsory acquisition process to acquire the remaining A.L.I. shares not tendered, as per British Columbia's Company Act. This move signifies a significant step for McKesson in consolidating its holdings in A.L.I. Technologies, a transaction initially outlined in a support agreement dated May 1, 2002. The filing also includes the press release detailing this acquisition.
Key Highlights
- 1McKesson's subsidiary successfully acquired approximately 98.1% of A.L.I. Technologies common shares via tender offer.
- 2The tender offer price was Cdn$43.50 cash per share.
- 3The offer expired on July 5, 2002, with all conditions satisfied or waived.
- 4McKesson will use compulsory acquisition procedures to acquire any remaining A.L.I. shares not tendered.
- 5The transaction was based on a Support Agreement dated May 1, 2002.
- 6The filing includes a press release detailing the completion of the tender offer as an exhibit.