McKesson Canada withdraws acquisition offer

MONTREAL McKesson Canada has withdrawn its offer to take over Uniprix, the company has announced.

McKesson Canada said the number of shares tendered was not enough to meet the Jan. 19 acquisition offer’s conditions.

“Despite withdrawing our offer, McKesson Canada will continue to support the independent pharmacy business model,” McKesson Canada president Domenic Pilla said in a statement. “As such, our desire to help the Uniprix Group succeed and to see further growth among its banners remains strong, and we wish to pursue our longstanding business relationship.”