Latham Reps Catalyst In $525M Walgreen Unit Buy

Law360, New York (March 9, 2011, 1:33 PM EST) -- Catalyst Health Solutions Inc. said Wednesday it planned to buy Walgreen Co.'s pharmacy-benefit management business and pick up the group's 11 million customers for $525 million in cash.

News of the deal for Walgreens Health Initiatives Inc. saw shares of the Rockville, Md.-based buyer surge by more than 18.5 percent to $52.80 in trading Wednesday as Catalyst Health said its customer base would increase from the current 7 million to more than 18 million people.

Barclays Capital Inc. equities analyst Larry Marsh said Wednesday the purchase makes...
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