KKR builds stake in Henry Schein, agrees deal for board seats, WSJ reports (updated)

Henry Schein

29/01/2025 10:52

(Adds shares in paragraph 2, details in paragraph 3 and 4)
       Jan 29 (Reuters) - Private equity firm KKR has taken a
large stake in Henry Schein  HSIC.O  and plans to work with the
distributor of medical products to improve its operations, the
Wall Street Journal reported on Wednesday citing people familiar
with the matter.
    Shares of the company rose more than 6% to $80.69 premarket
after the report.
    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 reported.
    Henry Schein has agreed to give the private equity firm two
board seats, the report added.
    Henry Schein did not immediately respond to a Reuters
request for comment.
    
    

 (Reporting by Sriparna Roy in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Sriparna.Roy@thomsonreuters.com;))