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Cardinal completes Pyxis acquisition for $952 mil. in stock.

Executive Summary

CARDINAL ACQUISITION OF PYXIS FOR $952 MIL. IN STOCK CLOSES May 7, the drug distributor announced. Pyxis shareholders received .4 shares of Cardinal Health stock for each Pyxis share; the May 6 closing price for Cardinal was $63.38. Approximate closing costs for the acquisition are $17 mil., according to the registration statement for the merger filed with the Securities & Exchange Commission. Additional merger-related costs could amount to $10 mil. to $15 mil., the registration statement says.

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