AmerisourceBergen acquires minority interest in Profarma Distribuidora AmerisourceBergen announced that it has reached a definitive agreement to acquire a minority stake in Profarma Distribuidora de Produtos Farmaceuticos. In addition, AmerisourceBergen and Profarma will establish a joint venture for specialty distribution and services. The company expects to invest a total of approximately $100M, and the transaction is expected to close in the June quarter of FY14. AmerisourceBergen does not expect the transaction to have a meaningful impact to its adjusted earnings per share from continuing operations for FY14. AmerisourceBergen will purchase up to a 19.9% minority stake by offering R$22.50 per share for shares offered in a primary offering by Profarma. The specialty distribution joint venture will include Profarma’s existing specialty businesses and an equity investment from AmerisourceBergen, and each company will own a 50% stake in the joint venture.
MWI Veterinary Supply volatility flat into AmerisourceBergen acquiring MWI Veterinary Supply (MWIV) overall option implied volatility of 30 compares to its 26-week average of 31 according to Track Data, suggesting non-directional price movement into AmerisourceBergen (ABC) acquiring for $190 per share, representing a $2.5B fully diluted equity value.