SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31,
1997
McKESSON CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-13252 94-3207296
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
McKesson Plaza
One Post Street
San Francisco, California 94104
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(Address of principal executive offices) (Zip Code)
(415) 983-8300
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(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events.
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On March 31, 1997, the Registrant completed the sale of
Millbrook Distribution Services Inc., its Service
Merchandising unit, to R.A.B Holdings, Inc., a privately held
investment company. The text of the April 2, 1997 press
release regarding this announcement is set forth in Exhibit
99.1 to this Current Report on Form 8-K, which exhibit is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial
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Information and Exhibits.
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(c) Exhibits
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99.1 Press Release of McKesson Corporation
dated April 2, 1997
SIGNATURES
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.
McKESSON CORPORATION
(Registrant)
Dated: April 7, 1997 BY: /s/NANCY A. MILLER
Vice President and Secretary
<PAGE>
EXHIBIT INDEX
Exhibit
No. Title
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99.1 Press Release of McKesson Corporation dated April 2,
1997
<PAGE>
Exhibit 99.1
Press Release
Contact: Janet Bley
(415) 983-9357
McKESSON CORP. COMPLETES SALE OF SERVICE MERCHANDISING UNIT
SAN FRANCISCO, Wednesday, April 2, 1997 (NYSE:MCK) -- McKesson
Corp. today announced that it has completed the sale of
Millbrook Distribution Services Inc., its service
merchandising unit, to R.A.B. Holdings, Inc., a privately held
investment company. Terms of the transaction were not
disclosed. However, McKesson estimated that after-tax
proceeds would approximate the book value of the business, and
that the divestiture would not be dilutive to McKesson
shareholders.
"Under R.A.B. Holdings' ownership, Millbrook will expand
its business through improved operational efficiencies,
geographic expansion and by making strategic acquisitions,"
said Millbrook President and CEO Robert A. Sigel, who will
remain with the company as president and CEO. Millbrook is
one of the nation's largest distributors of health and beauty
care, general merchandise and specialty food products to super
markets and other retail outlets, servicing over 15,000 stores
in 42 states. The company will continue to be headquartered
in Leicester, Massachusetts.
McKesson is the largest health care supply management
company in North America through its U.S. health care
businesses, its Canadian subsidiary, Medis Health and
Pharmaceutical Services, and its minority interest in Mexico's
Nadro, S.A. With its recent acquisition of General Medical
Inc., the largest multi-market distributor of medical-surgical
supplies, McKesson has further extended its leadership in
health care supply management. The company also owns McKesson
Water Products, a leading U.S. provider of pure drinking
water.
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McKesson news releases are available at no charge through
McKesson's NewsOnDemand fax service. To immediately receive
an index of available releases, call 1-800-344-6495 and press
2.
On the Internet, visit us on the World Wide Web at:
http://www.McKesson.com
