BUZZ-Henry Schein rises after report says KKR builds stake in co
ReutersJan 29, 2025 11:09 AM
Shares of healthcare product distributor Henry Schein HSIC.O jump 6.6% to $81.12 premarket
Private equity firm KKR KKR.N has taken a large stake in HSIC and plans to work with it to improve its operations, the Wall Street Journal reports, citing people familiar with the matter
KKR plans to announce a deal that includes increasing its stake to 12% with the option to buy up to an additional 2.9% in the future - WSJ
Report also says HSIC has agreed to give the private equity firm two board seats
HSIC fell 8.6% in 2024
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