Henry Schein Raises Stake Limit for KKR, Lifts Annual Outlook, Stock Surges Over 8%

Henry Schein has approved an amendment to its strategic partnership agreement with KKR, allowing KKR to buy up to 19.9% of the company's stake through open market purchases. The company has also revised its annual earnings guidance above analysts' forecasts, expecting adjusted profit of $4.88 to $4.96 per share, a 3% to 5% year-on-year increase. Total sales growth is projected at 3% to 4%.