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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 |
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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