Monday, July 2, 2007

Walgreen sees Option Care adding to earnings

(Reuters) - Speaking during a conference call, CFO William Rudolphsen said Walgreen anticipates pretax synergies of about $15 million in the first year. Walgreen expects the acquisition to close in a few months and add more to earnings in future years after adding "slightly" to earnings in the first year, he said.



Walgreen, one of the largest U.S. drugstore chains, agreed to buy Option Care on Monday $19.50 per share, or about $850 million including the assumption of some debt.


Read more at Reuters.com Market News

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