Canada : IMS Health To Be Acquired For $4B By TPG, Canada Pension Plan.Byline: datta03 IMS Health IMS Health (NYSE: RX) is an international consulting and data services company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Frohlich and David Dubow. Inc. (RX) agreed to be acquired by private equity firm TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général Inc. and the Canada Pension Plan The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada's public retirement income system, the other component being Old Age Security (OAS). for $4 billion in a deal that comes two weeks after the medical-data provider confirmed a possible buyout could happen. If completed, the transaction would be the largest leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. of the year and the clearest sign yet that an improving economy and healthier financing markets are increasing private equity activity. The offer is for $22 a share, a 31% premium to Wednesday's closing price. The stock was at $14.85 a share before The Wall Street Journal first reported that takeover talks were under way. IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. shares were recently up 24% at $20.83. The deal also includes the assumption of nearly $1.2 billion in debt. The company provides sales analysis and medical audits to the pharmaceutical industry and its purchase has "fully committed financing," consisting of a combination of equity to be invested by the buyers and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay from Goldman Sachs Group Inc. (GS). IMS Chairman and Chief Executive David R. Carlucci said the agreement rewards shareholders' investment with "an immediate cash premium," while strengthening the company's ability to capitalize on "long-term growth opportunities." The company reported last month it swung to a loss in the third quarter on heavy restructuring charges. IMS announced a restructuring in July, including cutting some units and sales teams. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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