TPG, CPP To Buy IMS Health for $5.2 Billion

Posted on: November 5, 2009 by PEHub AdministratorNo Comments »

TPG Capital and the Canada Pension Plan have agreed to buy IMS Health (NYSE: RX), a provider of data on prescription drug sales, for $22 per share (50% premium to last Friday’s closing price). The total deal would be valued at around $5.2 billion, including the assumption of debt. Goldman Sachs is providing the leveraged finance.