Summary
McKesson Corporation (MCK) has announced its entry into a material definitive agreement to acquire Per-Se Technologies, Inc. (Per-Se) through a merger. The transaction is structured as a cash acquisition where McKesson's wholly-owned subsidiary, Packet Merger Sub Inc., will merge with Per-Se. Per-Se will survive as a wholly-owned subsidiary of McKesson. Investors should note that the acquisition price is set at $28.00 per share in cash for all outstanding common stock of Per-Se. The deal is subject to customary closing conditions, including the approval of Per-Se's stockholders and regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act. The involvement of ValueAct Capital, a significant Per-Se shareholder representing approximately 15.5% of the outstanding shares, through a voting agreement to support the merger, provides a degree of certainty for the transaction's approval by Per-Se shareholders.
Key Highlights
- 1McKesson Corporation to acquire Per-Se Technologies, Inc. in a cash merger.
- 2Acquisition price is $28.00 per share in cash for Per-Se common stock.
- 3The transaction is subject to Per-Se stockholder approval and antitrust review (Hart-Scott-Rodino Act).
- 4ValueAct Capital, holding 15.5% of Per-Se shares, has agreed to vote in favor of the merger.
- 5Per-Se will become a wholly-owned subsidiary of McKesson upon completion of the merger.
- 6The filing is also designated as soliciting material under Rule 14a-12, indicating it may contain communications related to a shareholder meeting or vote.