McKesson 2008 Annual Report Download - page 114

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McKESSON CORPORATION
FINANCIAL NOTES (Concluded)
107
23. Subsequent Event
In April 2008, we entered into an agreement to acquire McQueary Brothers Drug Company, Inc. (“McQueary
Brothers”), of Springfield, Missouri for approximately $190 million. McQueary Brothers is a regional distributor of
pharmaceutical, health, and beauty products to independent and regional chain pharmacies in the Midwestern U.S.
This acquisition will expand our existing U.S. pharmaceutical distribution business. The acquisition is expected to
close in the first quarter of 2009, subject to customary closing conditions including regulatory review and will be
funded with cash on hand. When completed, financial results for McQueary Brothers will be included within our
Distribution Solutions segment.