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News Breaks | | | | March 19, 2013 | | 08:45 EDT |  | CAH, ABC, WAG | Cardinal Health drops after losing Walgreen to AmerisourceBergen
Cardinal Health (CAH) is moving lower in pre-market trading after one of its largest customers, Walgreen (WAG), announced a 10-year primary pharmaceutical supply agreement with AmerisourceBergen (ABC). In its latest quarterly filing, Cardinal Health listed CVS Caremark (CVS) and Walgreen as its largest customers, accounting for approximately 22% and 21%, respectively, of its FY12 revenue. Cardinal Health added that its contracts with CVS and Walgreens are set to expire in June 2013 and August 2013, respectively. Shares of Cardinal Health are down 7%, or $3.18, to $42.95 in pre-market trading. | |
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News For CAH;WAG;ABC From The Last 14 Days Check below for free stories on CAH;WAG;ABC the last two weeks. |
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| May 24, 2013 | | 08:19 EDT |  | CAH | Cardinal Health management to meet with Lazard Capital
 Subscribe for More Information | | | May 20, 2013 | | 15:52 EDT |  | WAG | Walgreen downgraded to Market Perform from Outperform at Barrington
Subscribe for More Information | | | May 17, 2013 | | 12:33 EDT | | WAG, ABC | AmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory. | | | May 14, 2013 | | 07:18 EDT | | CAH, ABC | BofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16. | | | May 13, 2013 | | 08:32 EDT | | WAG | Walgreens extends CVS Caremark network provider agreement
Subscribe for More Information | | | 08:05 EDT | | ABC | Frazier Healthcare acquires AnderesonBrecon from AmerisourceBergen
Subscribe for More Information | | | 07:32 EDT | | ABC | AmerisourceBergen says divestiture of AndersonBrecon has no impact on guidance
Subscribe for More Information | | | 06:42 EDT | | CAH | Cardinal Health management to meet with ISI Group
Meetings to be held May 13-14 hosted by ISI Group. | |
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