BUZZ-Henry Schein rises after report says KKR builds stake in co

Reuters
29 Jan
BUZZ-Henry Schein rises after report says KKR builds stake in co

** Shares of healthcare product distributor Henry Schein HSIC.O jump 6.6% to $81.12 premarket

** Private equity firm KKR KKR.N has taken a large stake in HSIC and plans to work with it to improve its operations, the Wall Street Journal reports, citing people familiar with the matter

** 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

** Report also says HSIC has agreed to give the private equity firm two board seats

** HSIC fell 8.6% in 2024

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))

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