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