PharMerica Corp. (PMC) is exploring strategic alternatives, including a potential sale of the company, a manager of long-term care facilities, Reuters reported Wednesday on its website, citing people familiar with the matter.

PharMerica is being advised by Bank of America Corp. (BAC) and UBS Group AG (UBS), the people told Reuters.

Shares in PharMerica were up more than 13% at $25.59 in late-morning trading.

Full story at: www.reuters.com/article/us-pharmerica-m-a-idUSKCN10Z1YI

Write to nymonitoring@dowjones.com

 

(END) Dow Jones Newswires

August 24, 2016 11:49 ET (15:49 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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