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VOL. 127 | NO. 62 | Thursday, March 29, 2012

Express Scripts May Close Medco Deal Next Week

AP

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Pharmacy benefits manager Express Scripts says it may close its $29.1 billion acquisition of Medco Health Solutions as soon as next week.

The St. Louis company had said recently it expected to close the deal early in the second quarter. Shareholders from both companies have already approved the acquisition, but the Federal Trade Commission is still reviewing it.

Express Scripts spokesman Brian Henry says he can't comment on whether his company's announcement means regulatory approval of the deal is likely. He says discussions with the FTC are private.

Pharmacy benefits managers, or PBMs, run prescription drug plans for employers, government agencies and other clients, using their large purchasing power to negotiate lower drug prices. They make money by reducing costs for health plan sponsors and members.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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