IMS Health (IMS) Tops Q1 EPS by 4c

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IMS Health (IMS), Quintiles (Q) Enter Merger Agreement; Carries Enterprise Value of $23B

May 3, 2016 6:11 AM EDT

IMS Health Holdings, Inc. (NYSE: IMS) and Quintiles Transnational Holdings Inc. (NYSE: Q) announced today that their respective boards of directors approved a definitive merger agreement, pursuant to which the companies will be combined in an all-stock merger of equals transaction. The merged company will be named Quintiles IMS Holdings, Inc. Based on the closing of IMS Health and Quintiles common stock prices on May 2, 2016, the equity market capitalization of the joined companies is more than $17.6 billion and the enterprise value is more than $23 billion. The 2015 pro forma reported... More