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SAN FRANCISCO (AP) - McKesson Corp., the nation's largest distributor of prescription drugs, extended its reach in the Midwest and South by agreeing Monday to buy D&K Healthcare Resources Inc. for $207 million in cash.
The $14.50-per-share price is 71 percent above D&K's market value before the deal was announced.
D&K's shares surged $5.80, or 68 percent, to close at $14.30 on the Nasdaq Stock Market while McKesson's shares gained 66 cents, or 1.5 percent, to finish at $45.21 on the New York Stock Exchange.
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