UPS to buy Andlauer Healthcare for $1.6 billion

AHG operates nine distribution centers and 22 branches across Canada, offering services related to third-party logistics and specialized transportation solutions for the healthcare sector. Under the terms of the agreement, AHG shareholders will receive CAD $55 per share in cash, representing a premium of 31% to the stock's last close of CAD $41.96. UPS said the deal will extend its global portfolio of cold chain capabilities available to its healthcare customers such as temperature-controlled and precision logistics solutions.