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MERCK/MEDCO OFFERING SETTLEMENT IN CALIFORNIA PHARMACY SUIT

Executive Summary

MERCK/MEDCO OFFERING SETTLEMENT IN CALIFORNIA PHARMACY SUIT to the single named plaintiff in the class action case seeking to set aside the $6.6 bil. merger of Merck and Medco. The Pharmacy Defense Fund, an activist pharmacy organization in California, reported on the settlement offer in a recent bulletin to members. Merck, which has characterized the class action suit as being "without merit," declined comment on a potential settlement offer. Merck says it does not comment on active litigation.

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