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Omnicare’s Bid for NeighborCare Gets FTC Approval

This article was originally published in The Pink Sheet Daily

Executive Summary

Institutional pharmacy provider Omnicare raises its hostile takeover bid for NeighborCare to $1.7 bil. the same day FTC announced the close of its investigation. The commission emphasized the effect of Medicare Part D on the institutional pharmacy provider market in approving the merger.

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