$29B Scripts, Medco Deal Will Hurt Pharmacies, Judge Hears

Law360, New York (April 10, 2012, 8:22 PM EDT) -- A Pennsylvania federal judge held a hearing in an antitrust suit on Tuesday on a move by a coalition of trade groups and pharmacies seeking to block Express Scripts Inc.’s $29.1 billion acquisition of Medco Health Solutions.

After three hours of oral arguments, U.S. District Judge Cathy Bissoon ended the hearing without ruling on the matter, saying she will take the matter under advisement, according to Bloomberg News.

The hearing concerned a motion for a preliminary injunction lodged by the National Association of Chain Drug Stores,...
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