8-KOther Events

MCKESSON CORP 8-K Report (Jul 10, 2002)

Filed July 10, 2002For Securities:MCK

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.

Frequently Asked Questions

This 8-K filing is to inform the public and investors that McKesson Corporation's subsidiary has successfully completed its tender offer for A.L.I. Technologies Inc. common shares and will be proceeding to acquire any remaining shares through compulsory acquisition.

The acquisition price was Cdn$43.50 cash per common share of A.L.I. Technologies Inc.

McKesson's subsidiary acquired approximately 98.1% of A.L.I. Technologies' outstanding common shares (calculated on a fully diluted basis) through the tender offer.

Since over 90% of the shares were acquired, McKesson will exercise its right to compulsory acquisition under British Columbia law to acquire all remaining A.L.I. Technologies shares not tendered to the offer. A notice will be mailed to those shareholders.