McKesson Launches Exchange Offer to Split-Off Its Interest in Change Healthcare
McKesson Corporation (MCK)
Last mckesson corporation earnings: 2/4 07:00 am
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Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)--McKesson Corporation (NYSE:MCK) today announced the commencement of an exchange offer for the split-off of its wholly-owned subsidiary, PF2 SpinCo, Inc. (“SpinCo”), which will hold all of McKesson’s interest in Change Healthcare LLC (“Change Healthcare”), as part of McKesson’s previously announced agreement with Change Healthcare Inc. (Nasdaq:CHNG) (“Change”) to merge SpinCo with and into Change.“We are very pleased to launch the split-off of our investment in Change Healthcare. We have concluded that now is the appropriate time to distribute our remaining stake in Change Healthcare,” said Brian Tyler, chief executive officer, McKesson. “We expect this exchange offer will continue to deliver value to McKesson shareholders by reducing our number of outstanding shares in a tax-efficient manner. This transaction better positions McKesson to focus on our core business and signifies another important step in McKesson’s transformation to become a simpler,
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- 11/6/24 - Beat
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- 11/7/24 - Form 10-Q
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- 9/10/24 - Form 8-K
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