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Fly News Breaks for April 23, 2015
OCR
Apr 23, 2015 | 08:56 EDT
BofA/Merrill believes media reports speculating on a potential sale of Omnicare are credible. The firm believes an acquirer can justify paying a premium based on expected deal synergies from combining purchasing power, improving contracting leverage, and new revenue opportunities. BofA/Merrill rates Omnnicare a Buy with a $100 price target, up from $85.
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