Reuters Article Growing Skepticim Surrounding Merger of Pharmaceutical Insurance Middlemen
2/6/2012 4:05 PM
A Reuters newswire article
distributed today continues to rock the proposed merger of Express Scripts and Meco. The article describes a new letter sent to the Federal Trade Commission (FTC) by the Food Marketing Institute, in which the supermarket trade association asks the commission "to bring an enforcement action to enjoin the merger." The article also describes mounting opposition to the proposed merger among consumer groups and others, highlights close scrutiny of the deal among state attorneys general, and references potentially growing skepticism about the mega-merger among some within the FTC itself.
The article leads with a powerful paragraph: "Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger."