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

Medco (NYSE:MHS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Medco Charts.
Medco (NYSE:MHS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Medco Charts.