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KKR to take PharMerica private in $1.4 billion deal

(Reuters) - PharMerica Corp (PMC.N), a U.S. pharmacy manager for long-term care facilities, said on Wednesday it agreed to be acquired by a newly formed company controlled by buyout firm KKR & Co LP (KKR.N) for $1.4 billion, including debt.

Under the deal, PharMerica's shareholders will receive $29.25 per share in cash, representing a 16.8 percent premium to the company's Tuesday closing price.

PharMerica shares were trading a little short of the offer price at $28.90...