IMS Health Inc. (RX) announced Thursday morning that it agreed to be acquired by investment funds managed by TPG Capital and the CPP Investment Board. The transaction has a total value of $5.2 billion, including the assumption of debt.
IMS Health gapped up sharply Thursday and has climbed further in the last few minutes on strong volume. Shares are now up 4.09 at $20.90. The stock has risen above a 2 1/2 week range and has set a new high for the year.
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