The Federal Trade Commission said Monday it has cleared the way for Express Scripts to acquire rival Medco Health Solutions in a $29.1 billion deal that will create the largest pharmacy-benefit manager in the United States
In July 2011, St. Louis-based Express Scripts agreed to the stock and cash deal to purchase Franklin Lakes, New Jersey-based Medco in one of the largest announced transactions of last year and the largest consummated deal so far in 2012. The two companies manage prescription drug benefits plans that numerous businesses offer their employees.
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