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Update: Fisher Scientific to Buy PSS World Medical in Stock Deal
Updated from 9:41 a.m. EDT
Fisher Scientific International (FSH Quote), the top seller of science equipment and supplies in the world, said Thursday that it will buy troubled medical supplies distributor PSS World Medical (PSSI Quote) in a stock deal valued at about $840 million.
PSS also reported fourth-quarter results that drastically missed Wall Street's expectations. Its financial troubles, however, underscore the reason the company put itself up for sale in January. ...
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