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BRIEF-Cardinal Health Announces Acquisition of Majority Stake in GI Alliance & Advanced Diabetes Supply Group (ADSG)
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BRIEF-Cardinal Health Announces Acquisition of Majority Stake in GI Alliance & Advanced Diabetes Supply Group (ADSG)
Nov 11, 2024 6:12 PM

Nov 11 (Reuters) - Apollo Global Management Inc ( APO ):

* CARDINAL HEALTH ANNOUNCES TWO STRATEGIC ADDITIONS TO ITS

PORTFOLIO

* CARDINAL HEALTH INC ( CAH )- WILL PURCHASE ITS MAJORITY STAKE IN

GI

ALLIANCE (GIA) FOR APPROXIMATELY $2.8 BILLION IN CASH, WHICH

WILL REPRESENT 71% OWNERSHIP

* CARDINAL HEALTH INC ( CAH ) - WILL ALSO ACQUIRE ADVANCED DIABETES

SUPPLY

GROUP FOR ABOUT $1.1 BILLION IN CASH

* CARDINAL HEALTH INC ( CAH ) - ADSG WILL MERGE WITH CARDINAL

HEALTH'S

AT-HOME SOLUTIONS BUSINESS

* CARDINAL HEALTH ( CAH )- ON THIRD ANNIVERSARY OF GIA'S CLOSING, CO

HAS

ABILITY TO EXERCISE A CALL RIGHT TO PURCHASE UP TO 100% OF

REMAINING OUTSTANDING EQUITY

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