Cardinal, McKesson need to seed 20+ competing facilities for FTC approval -- attorney.
This article was originally published in The Tan Sheet
Executive Summary
FTC WANTS CARDINAL, McKESSON TO SUPPORT MORE THAN 20 COMPETITIVE SITES, with Cardinal Health offering to fund competing distribution centers in four western regions. The offer by Cardinal is an attempt to reach agreement with the Federal Trade Commission to allow the wholesaler to merge with Bergen Brunswig, Cardinal attorney Bernard Nussbaum (Wachtell, Lipton, Rosen & Katz, New York City) said during closing arguments July 24 in the wholesaler merger antitrust suit in D.C. federal court. Federal Judge Stanley Sporkin previously had suggested July 14 that FTC and the wholesalers attempt to reach an agreement in which the merged entities could provide "seed" money to help regional wholesalers expand into areas left with a lack of competition in the post-merger market.