Acquisition by Kohlberg Kravis Roberts of PharMerica, a provider of institutional pharmacy, specialty infusion and hospital pharmacy management services. Under the terms of the agreement, PharMerica shareholders will receive $29.25 in cash for each share of PharMerica common stock upon closing of the proposed transaction. The price represents a premium of approximately 17 percent to PharMerica's closing share price as of the last trading day prior to announcement and a premium of approximately 18 percent to PharMerica's 90-day volume weighted average price. The acquisition agreement was unanimously approved by the Board of Directors of PharMerica. Gregory S. Weishar, PharMerica Corporation's Chief Executive Officer, said, "Following a thorough process and review of the Company's strategic alternatives, and with the assistance of our advisors, we are pleased to have reached this agreement. This transaction will deliver immediate and compelling value to all PharMerica shareholders, as well as substantial benefits to our clients and employees."