Sidley Guides SXC In $4.4B Purchase Of Catalyst

Law360, New York (April 18, 2012, 1:27 PM EDT) -- Health benefits manager SXC Health Solutions Corp., based in Illinois, is gobbling up pharmaceutical benefits company Catalyst Health Solutions Inc. in a $4.4 billion deal that will almost double its size, the companies said Wednesday.

Proposed as a cash and stock transaction, the merger will give current Catalyst stockholders $28 per share and about 0.66 of a share of SXC for each Catalyst stake, for an implied purchase price of $81.02 per share. Pending shareholder and regulatory approval, the deal is expected to close later this...
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