Owens & Minor Enters Material Definitive Agreement
Ticker: ACH · Form: 8-K · Filed: Jul 23, 2024 · CIK: 75252
| Field | Detail |
|---|---|
| Company | Owens & Minor INC/Va/ (ACH) |
| Form Type | 8-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $2, $1.36 billion, $70 million, $775 million, $625 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, regulation-fd, financial-statements
Related Tickers: OMI
TL;DR
O&M signed a big deal, filing shows.
AI Summary
Owens & Minor, Inc. announced on July 22, 2024, that it has entered into a Material Definitive Agreement. The company also disclosed information related to Regulation FD and filed financial statements and exhibits.
Why It Matters
This filing indicates a significant new contract or partnership for Owens & Minor, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that may affect the company's financial performance.
Key Players & Entities
- Owens & Minor, Inc. (company) — Registrant
- July 22, 2024 (date) — Date of earliest event reported
FAQ
What type of Material Definitive Agreement did Owens & Minor enter into?
The filing states that Owens & Minor, Inc. entered into a Material Definitive Agreement on July 22, 2024, but the specific details of the agreement are not provided in this excerpt.
What is the significance of the Regulation FD Disclosure?
The Regulation FD Disclosure indicates that Owens & Minor, Inc. is providing information to the public in accordance with the Fair Disclosure rules, ensuring broad dissemination of material non-public information.
What financial statements and exhibits were filed?
The filing indicates that Financial Statements and Exhibits were submitted, but the specific content of these documents is not detailed in this excerpt.
When was Owens & Minor, Inc. incorporated and in which state?
Owens & Minor, Inc. is incorporated in Virginia, as indicated by the filing.
What is the IRS employer identification number for Owens & Minor, Inc.?
The IRS employer identification number for Owens & Minor, Inc. is 54-1701843.
Filing Stats: 2,465 words · 10 min read · ~8 pages · Grade level 15 · Accepted 2024-07-23 06:52:35
Key Financial Figures
- $2 — nge on which registered Common Stock, $2 par value per share OMI New York St
- $1.36 billion — ange for an aggregate purchase price of $1.36 billion in cash, subject to customary adjustmen
- $70 million — ired to pay Rotech a termination fee of $70 million under certain specified circumstances i
- $775 million — ent in an aggregate principal amount of $775 million and (ii) a senior unsecured bridge loan
- $625 million — oan in an aggregate principal amount of $625 million (the " Bridge Facility "). The Bridge F
Filing Documents
- d861390d8k.htm (8-K) — 43KB
- d861390dex21.htm (EX-2.1) — 525KB
- d861390dex991.htm (EX-99.1) — 19KB
- d861390dex992.htm (EX-99.2) — 22KB
- g861390ex99_2p10g1.jpg (GRAPHIC) — 261KB
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- g861390ex99_2p15g1.jpg (GRAPHIC) — 422KB
- g861390ex99_2p1g1.jpg (GRAPHIC) — 74KB
- g861390ex99_2p2g1.jpg (GRAPHIC) — 599KB
- g861390ex99_2p3g1.jpg (GRAPHIC) — 314KB
- g861390ex99_2p4g1.jpg (GRAPHIC) — 331KB
- g861390ex99_2p5g1.jpg (GRAPHIC) — 256KB
- g861390ex99_2p6g1.jpg (GRAPHIC) — 203KB
- g861390ex99_2p7g1.jpg (GRAPHIC) — 259KB
- g861390ex99_2p8g1.jpg (GRAPHIC) — 250KB
- g861390ex99_2p9g1.jpg (GRAPHIC) — 232KB
- g861390g0723043647348.jpg (GRAPHIC) — 3KB
- 0001193125-24-182569.txt ( ) — 6345KB
- omi-20240722.xsd (EX-101.SCH) — 3KB
- omi-20240722_lab.xml (EX-101.LAB) — 17KB
- omi-20240722_pre.xml (EX-101.PRE) — 11KB
- d861390d8k_htm.xml (XML) — 3KB
Forward Looking Statements
Forward Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding our expectations regarding the proposed Merger and the future performance and financial results of the Company's business and other non-historical statements. Some of these statements can be identified by terms and phrases such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," "intends," "trends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. The Company cautions readers of this communication that such "forward looking statements," wherever they occur in this communication or in other statements attributable to the Company, are necessarily estimates reflecting the judgment of the Company's senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the "forward-looking statements." Factors that could cause the Company's actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the inability to complete the proposed Merger due to the failure to obtain approval of Rotech's stockholders for the proposed Merger or the failure to satisfy other conditions to completion of the proposed Merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed Merger; risks related to disruption of management's attention from the Company's ongoing business operations due to the proposed Merger; the effect of the announcement of the proposed Merger on the Company's relationships
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed herewith: Exhibit Description 2.1* Agreement and Plan of Merger, dated as of July 22, 2024, by and among the Company, Rotech, Merger Sub and Representative. 99.1 Joint Press Release of the Company and Rotech, dated as of July 23, 2024 (furnished pursuant to Item 7.01). 99.2 Investor Presentation, dated as of July 23, 2024 (furnished pursuant to Item 7.01). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Schedules and Exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The registrant hereby agrees to supplementally furnish to the SEC upon request any omitted schedule or exhibit to the Agreement and Plan of Merger. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. OWENS & MINOR, INC. Date: July 23, 2024 By: /s/ Heath H. Galloway Name: Heath H. Galloway Title: Executive Vice President, General Counsel & Corporate Secretary