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

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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

 

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