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Cardinal’s Syncor acquisition on hold

Executive Summary

"There can be no assurance that the transaction involving the acquisition of Syncor by Cardinal Health will be completed," the drug wholesaler said Nov. 6. Cardinal's due diligence investigation discovered "improper payments that had been made in foreign countries by subsidiaries of Syncor," the company said. Cardinal announced its merger agreement with the nuclear pharmacy company in June (1"The Pink Sheet" June 17, p. 9)...
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