Henry Schein rises after report says KKR builds stake in co

Henry Schein

29/01/2025 11:09

** Shares of healthcare product distributor Henry Schein
 HSIC.O  jump 6.6% to $81.12 premarket
    ** Private equity firm KKR  KKR.N  has taken a large stake
in HSIC and plans to work with it to improve its operations, the
Wall Street Journal reports, citing people familiar with the
matter
    ** KKR plans to announce a deal that includes increasing its
stake to 12% with the option to buy up to an additional 2.9% in
the future - WSJ
    ** Report also says HSIC has agreed to give the private
equity firm two board seats
    ** HSIC fell 8.6% in 2024

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))