Express Scripts Exec Defends $29B Merger To Lawmakers

Law360, New York (December 6, 2011, 9:34 PM EST) -- Express Scripts Inc. CEO George Paz on Tuesday rejected the possibility of divestment to avoid antitrust concerns about his company's proposed $29.1 billion acquisition of rival Medco Health Solutions Inc., telling U.S. senators that if forced to spin off his specialty drugs business, he would call off the deal.

Appearing today before the U.S. Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, Paz and Medco Chairman and CEO David B. Snow Jr. repeatedly insisted to lawmakers that their proposed deal to create the largest...
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