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FTC Gives Green Light to Bergen, AmeriSource Merger
Washington
The U.S. Federal Trade Commission said it won't oppose the merger between Valley Forge, Pa.-based AmeriSource Health and Orange, Calif.-based Bergen Brunswig, eliminating the last regulatory hurdle to the merger.
With the merger, 90 percent of the U.S. drug distribution market will be controlled by three companies: AmeriSource-Bergen, McKesson and Cardinal Health.
Also, AmeriSource-Bergen Corp. has been added to Standard and Poor's 500 Index. The new company's ticker symbol on the New York Stock Exchange is ABC.
For breaking news, go to www.homecaremonday.com, the electronic news service of the home medical equipment industry.
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