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MHS Medcohealth Solutions Common Stock

70.30
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Medcohealth Solutions Common Stock NYSE:MHS NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 70.30 0.00 01:00:00

Big Grocery Chains Ask FTC To Block Medco-Express Scripts Deal -Reuters

06/02/2012 7:31pm

Dow Jones News


Medco (NYSE:MHS)
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A group representing the biggest grocery-store chains sent a letter to the Federal Trade Commission last week objecting to Express Scripts Inc.'s (ESRX) proposed $29 billion acquisition of rival pharmacy benefits manager Medco Health Solutions Inc. (MHS), Reuters reported Monday.

The Food Marketing Institute said the merged company would be able to reduce payments to supermarket pharmacies, which are already operating with tight margins, according to Reuters.

The FTC, meanwhile, is working to see whether it there is enough evidence to win a legal battle to prevent the merger, according to the report. "Key people" at the commission think the deal should be stopped, Reuters added, citing a source.

Full story at http://www.reuters.com/article/2012/02/06/medco-expressscripts-antitrust-idUSL2E8D3GZS20120206?type=companyNews

-Dow Jones Newswires; 212-416-2900

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