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IMS Health to be bought for $4 billion

Updated: Thursday, 05 Nov 2009, 11:47 AM EST
Published : Thursday, 05 Nov 2009, 11:38 AM EST

    Norwalk (AP) - Health care data company IMS Health says it agreed to be purchased 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.

    Read the IMS' statement on the deal

    The company, based in Norwalk, Conn., said the deal is valued at $5.2 billion including the assumption of debt.
     

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