Express Scripts/Medco Deal Could Face State Lawsuits -Bloomberg
20 March 2012 - 2:11AM
Dow Jones News
Attorneys general in five states are considering filing a
lawsuit to block Express Scripts Inc.'s (ESRX) pending acquisition
of Medco Health Solutions Inc. (MHS), Bloomberg News reported
Monday, citing two people familiar with the matter.
The cash-and-stock deal was valued at $29 billion when it was
announced in July. Last week, the companies said they are working
with the Federal Trade Commission toward approval of the deal, and
predicted the transaction would close early in the second
quarter.
Bloomberg reported that state officials are concerned that the
FTC will clear the merger without ensuring sufficient protection
against higher drug prices and decreased services.
Full story at
http://www.bloomberg.com/news/2012-03-16/five-states-said-to-consider-challenge-to-express-scripts-medco.html
-Dow Jones Newswires; 212-416-2900
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