Medco Investors Fight $29B Sale To Express Scripts

Law360, New York (July 26, 2011, 1:32 PM EDT) -- A Medco Health Solutions Inc. shareholder launched a class action Monday in Delaware designed to derail Express Scripts Inc.'s $29.1 billion purchase of the rival pharmacy benefit manager, echoing a claim in an earlier New Jersey suit that the offer is too low.

Frank Colanino lodged his suit in Delaware state court on the heels of a class action complaint filed by Medco shareholder Rena Nadoff in New Jersey federal court Friday. They are suing on behalf of all Medco shareholders.

Both suits target the two...
To view the full article, register now.