SUBSEQUENT EVENTS |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS On October 5, 2026, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Onyx Bidco LLC (“Parent”) and Onyx Merger Sub, Inc., a wholly owned subsidiary of Parent, pursuant to which the Company is to be acquired by an investor group comprised of certain affiliates of Clayton, Dubilier & Rice, LLC (“CD&R”) and McKesson Corporation (“McKesson” and such group collectively, the “Investor Group”). Under the terms of the Merger Agreement, each outstanding share of the Company's common stock, subject to certain exceptions specified in the Merger Agreement, will be converted into the right to receive $32.05 in cash per share. Upon consummation of the Merger, the Company will become a privately held company, and its common stock will no longer be listed on any public market. The Merger is subject to customary closing conditions, including approval by the Company's stockholders and receipt of required regulatory approvals. The Merger is expected to close during the first half of calendar year 2027.
|