Health Care Distributors

Shares of PharMerica Corp (NYSE: PMC) jumped about 34.8% after Omnicare Inc (NYSE: OCR) offered to buy PharMerica for $441 million in cash. The offer of $15 per share represents a 37% premium to PharMerica's closing price on Monday. The transaction will be worth around $716 million, including...

Omnicare Inc (NYSE: OCR) offered to buy PharMerica Corp (NYSE: PMC) for $441 million in cash. The offer of $15 per share represents a 37% premium to PharMerica's closing price on Monday. The transaction will be worth around $716 million, including PharMerica's net debt. OCR shares gained 3.53% to...

Omnicare (NYSE: OCR) today announced that it has sent a letter to PharMerica Corporation (NYSE: PMC) proposing to purchase all of the outstanding shares of PharMerica common stock for $15.00 per share in cash. The transaction is valued at approximately $716 million, which includes PharMerica`s net...

Henry Schein, Inc. (NASDAQ: HSIC), today announced that its Board of Directors has authorized the repurchase of up to $200 million of shares of the Company's common stock. This program is in addition to the $100 million repurchase program announced in November 2010, which has been fully executed...

Stifel Nicolaus has upgraded AmerisourceBergen Corporation (NYSE: ABC) and BOK Financial Corporation (NASDAQ: BOKF) from Hold to Buy and has established price targets of $49 and $56, respectively.

Shares of Cardinal Health (NYSE: CAH) are lower on the session by 1.46%, trading at $41.07. Overall put volume is now running at 2.28x the daily average, with 77% of all puts traded being purchases on the offer. 1,307 contracts have traded on the session so far. Cardinal Health, Inc. is a global...

The Board of Directors of AmerisourceBergen Corporation (NYSE: ABC) today authorized a new $750 million share repurchase program, effective immediately. AmerisourceBergen expects to use the new program to repurchase its outstanding shares of common stock, subject to market conditions. The Company...

BIOLASE Technology, Inc. (NASDAQ: BLTI) today announced that it has fulfilled the second of two prepaid purchase orders totaling approximately $9 million under the Distribution and Supply Agreement entered into with Henry Schein (NASDAQ: HSIC) on September 23, 2010. The final products required to...

Here are today's Put/Call Ratio leaders… 1. CB Richard Ellis Group (NYSE: CBG) 9,871 puts, 63 calls 2. Gannett Co. (NYSE: GCI) 18,230 puts, 142 calls 3. Cardinal Health (NYSE: CAH) 3,978 puts, 42 calls 4. Quicksilver Inc. (NYSE: ZQK) 5,000 puts, 77 calls 5. Cogo Group (NASDAQ: COGO) 4,257 puts,...

Morgan Stanley reiterated its Overweight rating on Cardinal Health (NYSE: CAH). On Thursday, CAH lost 4.48% of its value to finish the day at $40.30.

General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...

Cardinal Health Inc (NYSE: CAH) reported a 9% decline in its fourth-quarter profit. Cardinal Health's quarterly profit dropped to $202.7 million, or $0.57 per share, from $223.5 million, or $0.62 per share, in the year-earlier period. Its adjusted earnings came in at $0.59 per share. Its revenue...

US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 44 points to 11,774.00 and S&P 500 index futures fell 5.20 points to 1,249.30. Nasdaq 100 futures...

Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...

Shares of McKesson (NYSE: MCK) are lower on the session by 1.68%, trading at $76.57. Overall call volume is now running at 8.28x the daily average, with 56% of all calls traded being purchases on the offer. 8,856 contracts have traded on the session so far. McKesson Corporation provides...