Fisher Scientific/PSS World Medical
This article was originally published in The Gray Sheet
Executive Summary
Stock-swap merger between the medical-products distributors is terminated by mutual consent, the companies announce Sept. 1. The announcement follows a decline in the price of Fisher stock, reducing the value of its bid for PSS to less than $500 mil., down from over $800 mil. on June 22, when the deal was announced (1"The Gray Sheet" June 26, 2000, p. 13). Fisher says it will continue to seek other acquisitions. There will be no breakup fee