BUZZ-Option Care Health surges after $5.8 billions privatization deal

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October 6 - ** Option Care Health (OPCH.O) shares soared 33% to $31.07

** McKesson (MCK.N) and private equity firm Clayton Dubilier & Rice will acquire OPCH for about $5.8 billion (including debt) (link)

** Option Care shareholders will receive $32.05 per share, representing a 37.1% premium over the company’s most recent closing price

** McKesson will invest about $1.4 billion for a 49% stake and retains the right to acquire the remaining 51% from CD&R at a future date

** Analysts at Leerink Partners said the deal is “a logical adjacency investment that helps McKesson further expand its reach in vertical integration businesses”

** The transaction is expected to close in the first half of 2027, after which Option Care Health will become a private company

** McKesson shares edged up to $922.41

** As of the last trading day’s close, OPCH is down 26.7% year-to-date

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