MCKESSON FOXMEYER PURCHASE $400-$600 MIL. BELOW FIRST BID, FOXMEYER MAINTAINS; PFIZER REDUCED CREDIT FROM $32 MIL. TO $10 MIL. IN 30 DAYS IN SUMMER 1996
Executive Summary
McKesson eventually paid as much as $600 mil. below its initial bid to acquire FoxMeyer's drug wholesale business, FoxMeyer Health alleges in a lawsuit filed Jan. 10 in a Dallas state court.