McKesson investment in FoxMeyer would total $400 mil.; deal awaits FTC approval.
This article was originally published in The Tan Sheet
Executive Summary
McKESSON $80 MIL. FOXMEYER OFFER EARMARKED FOR TRADE DEBT, CREDITOR CLAIMS related to FoxMeyer's Chapter 11 bankruptcy filing on Aug. 27, the wholesalers reported Oct. 4. FoxMeyer and McKesson have reached a definitive agreement for McKesson to acquire the assets of FoxMeyer's distribution business. The two firms anticipate the sale will be completed in November. Until then, FoxMeyer will continue to operate its drug distribution business.