Market Overview

Sam's Club Contract Will Likely go to AmerisourceBergen; Blow to McKesson Corp.

Related ABC
CONMED Corporation (CNMD) Jumps: Stock Rises 7.6% - Tale of the Tape
Letterman Out, Colbert In As Late Show Host -- How Will He Do Amid Late Night Disrupt?
Related MCK
Rite-Aid Continues Management Restructuring - Analyst Blog
McKesson Announces Results of Celesio Takeover Offer

According to Cleveland Research, it would appear as though AmerisourceBergen (NYSE: ABC) has won Sam's Club contract, which should attribute between $700 million and $900 million in annual revenues.

In early- to mid-summer (June/July) the contract with Sam's will shift from McKesson Corp. (NYSE: MCK) to ABC.

Cleveland Research believes that McKesson's 2014 fiscal year revenues remain at risk due to the lost contract.

ABC is currently up ~.75 percent in early Monday Trading. MCK is currently down ~.75 percent in early Monday Trading.

Posted-In: News Contracts


Most Popular

Related Articles (ABC + MCK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free