Omnicare, Inc. OCR, announced today
that it has adopted a Rule 10b5-1 plan for the purpose of repurchasing up to
$75 million of its common stock in accordance with guidelines specified under
Rule 10b5-1 of the Securities Exchange Act of 1934 and the Company's policies
regarding stock transactions. This plan has been established pursuant to, and
as part of, the Company's share repurchase program. As previously announced,
the Company's board of directors authorized an additional $200 million share
repurchase program through February 28, 2014. Collectively with its existing
share repurchase program, which is effective through December 31, 2012, the
Company had approximately $259 million of available authorization for share
repurchases as of February 22, 2012.
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