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*McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks advanced on Thursday, putting the S&P 500 on track to rebound from its worst five-day performance in five months, on optimism the economies of both the U.S. and China may be recovering.
*McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks were poised for a higher open on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism the economies of both the U.S. and China may be recovering.
THE BUY: Prescription drug distributor McKesson Corp. said Thursday it will buy PSS World Medical Inc., a medical supply distributor, for $1.46 billion, or $34 per share. THE PRICE: McKesson valued the deal at $2.1 billion including debt.
NEW YORK-- Prescription drug distributor McKesson Corp. is expanding its medical supplies business by buying PSS World Medical Inc. for about $1.46 billion. McKesson said Thursday it will pay $29 per share for PSS World, a 34.3 percent premium over Wednesday's closing price.
*UBS raises McKesson Corp price target to $105 from $103; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Oct 3- Rite Aid Corp:. *Rite aid corp- co and McKesson Corporation entered into a sixth. amendment to certain supply agreement- SEC filing.
SAN FRANCISCO-- Prescription drug distributor McKesson Corp. said Monday that it agreed to buy Med3000, a health care management and technology service company. McKesson said the deal will expand its revenue management division. Shares of McKesson rose 34 cents to $86.37 in midday trading.
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