Medical Services
Pharmaceutical-services provider AmerisourceBergen (ABC) said its Canadian subsidiary has agreed to acquire the drug distributor Rep-Pharm.
Rep-Pharm distributes drugs mostly to retail pharmacies in Ontario, Quebec and Alberta. While the specific terms of the acquisition weren't disclosed, AmerisourceBergen says Rep-Pharm brought in revenue of more than $600 million in the last 12 months. After completing the acquisition, AmerisourceBergen said its Canadian pharmaceutical-distribution business will have more than $1.4 billion in annualized sales and occupy the No. 2 position in Canada. "The acquisition also continues AmerisourceBergen's strategic focus on the pharmaceutical supply channel," CEO R. David Yost said in a press release The deal, which is expected to close by Sept. 30, probably won't be material to earnings. AmerisourceBergen's shares added 7 cents to $41.87 Wednesday.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
Connect with TheStreet