I can't leave for the weekend without highlighting this news story:
- "Private-equity group Kohlberg Kravis Roberts & Co. and Alliance Boots PLC executive Stefano Pessina said Friday they had made a friendly takeover approach to the health and beauty company for 1,000 pence a share, or about $18.71 billion . . . Alliance Boots was created following the merger of U.K. health and beauty retailer Boots Group PLC and pan-European drugs distributor Alliance UniChem PLC in July."
So, who's next? The good folks at Starshak Winzenburg send me a monthly update on distribution stocks. Here is the enterprise value of the Big 3 US wholesalers according to their March 2007 Distribution News issue:
- AmerisourceBergen (NYSE:ABC) = $9.9B
- Cardinal Health (NYSE:CAH) = $29.2B
- McKesson (NYSE:MCK) = $15.4B