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Walgreen Co. (NYSE:WAG) and BioScrip (NASDAQ:BIOS) announced that they have entered into a definitive agreement under which Walgreens would acquire certain assets of BioScrip’s community specialty pharmacies and centralized specialty and mail service pharmacy businesses and BioScrip would receive a total deal value of approximately $225M. This includes approximately $170M in cash at closing and retention by BioScrip of associated accounts receivable and working capital liabilities of approximately $55M, based on BioScrip’s balance sheet values at Dec. 31. Up to an additional $60M in purchase price may be payable based on events related directly or indirectly to Walgreens retention of certain business included in the transferred businesses.
Don’t Miss: Walgreen Acquires BioScrip Assets.
Barclays PLC (NYSE:BCS) would consider acquisitions outside of the U.K., including targets like Royal Bank of Canada (NYSE:RY), PNC (NYSE:PNC) and TD Bank (NYSE:TD), but U.K. regulators would prefer it to preserve capital and might block it from making any buys, according to Fox Business Network’s Charlie Gasparino.
Amazon.com Inc. (NASDAQ:AMZN) has acquired TeachStreet, an online marketplace linking class instructors and teachers with would-be students. TeachStreet writes on its blog that it’s shutting down and will become part of Amazon Local, the e-commerce giant’s daily deals aggregation product.
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To contact the reporter on this story: Damien Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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