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KKR Investment and Accelerated Share Repurchase Program
6 Months Ended
Jun. 28, 2025
KKR Investment and Accelerated Share Repurchase Program [Abstract]  
KKR Investment and Accelerated Share Repurchase Program
Note 18 – KKR Investment and Accelerated Share Repurchase Program
On January 29, 2025, Henry Schein, Inc. announced a strategic investment
 
by funds affiliated with KKR, a leading
global investment firm, and on May 16, 2025, we issued
3,285,151
 
shares of common stock to funds affiliated with
KKR for an investment of $
250
 
million, at approximately $
76.10
 
per share.
 
Combined with KKR’s previous
holdings, funds affiliated with KKR currently own approximately
12.5
% of the Company’s common stock.
 
KKR
also has the ability to purchase additional shares via open market purchases
 
up to a total equity stake of
14.9
% of
the outstanding shares of common stock of the Company.
 
In addition, under the agreement between Henry Schein
and KKR,
two
 
independent directors have joined our Board of Directors.
 
On May 19, 2025, we executed an accelerated share repurchase program
 
to repurchase a total of $
250
 
million of
our outstanding common stock based on volume-weighted average
 
prices.
 
As of June 28, 2025, we received
3,122,832
 
shares at an estimated fair value of $
223
 
million.
 
In July 2025, we received an additional
368,651
 
shares
at an estimated fair value of $
27
 
million, representing the final amount of shares to be received under
 
this
accelerated share repurchase program.