Market Overview

PharMerica Comments on Dismissal of Kentucky Shareholder Lawsuit

PharMerica Corporation (NYSE: PMC), today commented on the Notice of Dismissal of a Kentucky shareholder lawsuit filed by the Plumbers and Pipefitters Union NO.630 Pension-Annuity Trust Fund:

"We are pleased that the plaintiff has withdrawn its case. From the outset, we disagreed with their contentions and firmly believe our actions in relation to the Omnicare offer were in the best interest of PharMerica and its stockholders. The PharMerica Board continues to believe that Omnicare's $15.00 offer undervalues the Company and recommends that PharMerica stockholders not tender their shares to Omnicare.”

Deutsche Bank Securities Inc. is acting as financial advisor and Holland & Knight LLP is acting as legal advisor to PharMerica.

Posted-In: News Legal

 

Related Articles (PMC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters