Cardinal sees no retail opposition to Bergen merger; regional antitrust issues not a concern.
This article was originally published in The Tan Sheet
Executive Summary
CARDINAL CLAIMS RETAIL CUSTOMER SUPPORT FOR BERGEN BRUNSWIG MERGER, Chief Operating Officer John Kane told the recent Bear Stearns health care conference in New York City. "We have gotten tremendously high customer acceptance and customer affidavit support" for the merger of Cardinal Health and Bergen Brunswig to create the largest drug wholesaler, Kane maintained. "I know the [Federal Trade Commission] is calling customers, and we are surprised that the response we've had is much higher than we thought it would be." Cardinal and Bergen announced the merger in August ("The Tan Sheet" Sept. 1, p. 9).
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