Deals
CD&R Agrees to Buy UDG Healthcare for About $3.9 Billion
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Clayton, Dubilier & Rice agreed to buy UDG Healthcare Plc for a sweetened offer of about 2.8 billion pounds ($3.9 billion) in cash after winning the backing of key shareholders.
The price amounts to 1,080 pence a share, the companies said in a statement Tuesday. Last week, CD&R said it was considering raising its offer to that level after some of Dublin-based UDG’s largest investors complained that a previous bid was too low.