Latest Headlines

Latest Headlines

AmerisourceBergen keeps up momentum gained from Walgreens deal

Drug distributor AmerisourceBergen, which forged an alliance with Walgreens two years ago, continues to surprise Wall Street with its performance.

Walgreens CEO hints at another supply chain deal

Walgreens Boots Alliance has been so pleased with its relationship with AmerisourceBergen that it might just look for another drug distributor with which to hook up. That was the suggestion made by Walgreens CEO Stefano Pessina this week.

TV lawyer leads wave of opposition to M&A, starting with animal health

Hilary Kramer is a high-profile lawyer, stock picker and television commentator who has filed more than 40 class-action lawsuits against companies planning mergers or acquisitions, mostly on the grounds that the deals are unfair to shareholders. Among her targets: Animal Health International, a maker of drugs for livestock that was acquired by rival Lextron in 2011 for $251 million.

Ahead of AmerisourceBergen merger, MWI charts double-digit sales growth

MWI Veterinary Supply has proven once again why it was such a hot target for drug wholesaler AmerisourceBergen, which is in the process of acquiring the animal-health distributor for $2.5 billion. MWI announced Thursday that its revenues in its fiscal first quarter jumped 16% to $798.5 million, and its net income grew 9% to $20.1 million.

AmerisourceBergen again reports big leaps in revenue and earnings

Drug distributor AmerisourceBergen has again reported big quarterly increases in sales and profits as a relationship forged with Walgreens in 2013 continues to pay off big time. And without saying it directly, the company pointed to the phenomenal success of Gilead Sciences' hep C drugs, Sovaldi and Harvoni, as also playing a part in its earnings jump, saying its revenues were powered in part by sales of drugs for treating hepatitis C.

AmerisourceBergen moving into vet drug distribution with $2.5B deal for MWI

Drug distributor AmerisourceBergen, which has been doing deals to expand its scope geographically, has decided its next step will be to move into distributing veterinary drugs.

AmerisourceBergen deal with Walgreen reaps rewards, and costs

Drug wholesaler AmerisourceBergen's saw its pharmaceutical distribution sales jump nearly 40% as it continues to expand work for pharmacy giant Walgreens, but it still came up with a nearly $13 million loss in its last quarter.

AmerisourceBergen expands in Brazil with $100M deal

Drug wholesaler AmerisourceBergen continues its global expansion with an agreement to buy nearly a 20% stake in Brazilian distributor Profarma Distribuidora de Produtos Farmacêuticos (Profarma).

McKesson recalibrates its EU strategy after Celesio deal nosedives

McKesson, the largest U.S. wholesale distributor of drugs, decided it needed an EU strategy after competitor AmerisourceBergen made its own deal there last year. So it made an $8.3 billion bid for German wholesaler Celesio. But with its failure Monday to close the Celesio deal, the San Francisco-based company finds itself again figuring out how to establish a beachhead on the continent.

UPDATED: McKesson's new offer appeases hedge fund on Celesio buyout

U.S.-based McKesson would just like to finalize its $8 billion-plus deal for German drug wholesaler Celesio so that it could try to catch up to competitor AmerisourceBergen in Europe. But Paul Singer, practiced in the art of taking advantage of takeovers, is not about to let that happen without getting something extra for his hedge fund, Elliott Management.