Health care data company IMS Health Inc. said Thursday it is being bought by investment funds TPG Capital and CPP Investment Board for $4 billion.
IMS shareholders are getting $22 per share under the deal, marking a 31 percent premium to the stock's closing price of $16.81 on Wednesday.
Shares rose $4.02, or 23.9 percent, to $20.83 in morning trading. The stock earlier set a new 52-week high of $21.09.
The company, based in Norwalk, Conn., said the deal is valued at $5.2 billion including the assumption of debt.
Thursday, November 05, 2009
IMS Health to be bought for $4 billion by TPG, CPP - Yahoo! Finance
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