Moore Medical Corp. confirmed that it has received a letter from Clinical Data Inc. stating Clinical Data’s desire to acquire Moore Medical. According to a statement from Moore Medical, the offer consists of 0.698 shares of its common stock for each outstanding share of Moore Medical Stock. Previously, on Jan. 19, Moore signed an agreement and plan of merger with McKesson Corp. Under the terms of
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Moore Medical Corp. confirmed that it has received a letter from Clinical Data Inc. stating Clinical Data’s desire to acquire Moore Medical. According to a statement from Moore Medical, the offer consists of 0.698 shares of its common stock for each outstanding share of Moore Medical Stock.
Previously, on Jan. 19, Moore signed an agreement and plan of merger with McKesson Corp. Under the terms of that deal, McKesson made a cash offer of $12 per share.
Moore’s board of directors is evaluating both proposals.
