Pension fund sues PharMerica over Omnicare offer

A pension fund is suing to get PharMerica Corp. to consider an acquisition offer from Omnicare Inc. The Louisiana Municipal Police Employees Retirement System is asking a judge to order the board of Louisville-based PharMerica to properly weigh the bid, Bloomberg reported. The fund filed the action in Delaware Chancery Court in Wilmington. Covington-based Omnicare (NYSE: OCR) earlier this month announced commenced a tender offer to purchase all outstanding shares of Louisville-based PharMerica (NYSE:PMC) common stock for $15 per share...

Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/Fy8x70XfVw8/pension-fund-sues-pharmerica-over.html

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