09:34 AM
IMS Health (RX) confirms it's being acquired by TPG Capital and CPP Investment Board for $5.2B, including debt assumption. IMS shareholders to receive $22/share, a 50% premium from when speculation of a takeover began on Oct. 16, and a 31% premium to Wednesday's close. Shares are halted. (PR, earlier)
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08:09 AM
IMS Health (RX) is nearing a deal to sell itself to private-equity firm TPG and the Canada Pension Plan in a deal that could be worth almost $4B. Shares +17.5% premarket. (WSJ)
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Thursday, October 22, 2009
08:25 AMIMS Health (RX): Q3 EPS of $0.40 beats by $0.04. Revenue of $541M (-5.7%) vs. $522M. (PR)
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09:13 AMIMS Health (RX): Q2 EPS of $0.44 beats by $0.06. Revenue of $523M (-13%) vs. $560M. Issues downside FY '09 EPS guidance of $1.50-1.67 vs. $1.70-1.77 prior. Shares -7% premarket. (PR)
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