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Biotech / Medical : HBOC...Buy in here? -- Ignore unavailable to you. Want to Upgrade?


To: Chuzzlewit who wrote (130)7/15/1998 7:50:00 AM
From: John Carragher  Read Replies (1) | Respond to of 341
 

Dow Jones Newswires -- July 15, 1998
McKesson Corp., HBO & Co. Held Business
Combination Talks

Dow Jones Newswires

SAN FRANCISCO -- McKesson Corp. (MCK) said Wednesday it had
been engaged in discussions regarding a potential business combination with
HBO & Co. (HBOC), but said the discussions have terminated.

Officials at McKesson and HBO weren't immediately available for
comment.

As reported Tuesday, shares of HBO fell on speculation the health-care
information systems company may soon make an acquisition that may be
dilutive to earnings or a drag on the company's earnings growth rate.

Shares of HBO closed at 32 1/16 Tuesday, down 4 1/16.

McKesson, a health-care supply management company, earlier this year
agreed to buy drug and cosmetics distributor AmeriSource Health Corp.,
but the Federal Trade Commission is looking to block the $1.79 billion
transaction.

Shares of McKesson closed at 86 5/8 Tuesday.

Briefing Book for: HBOC | MCK

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