STATES EXAMINING CAREMARK BID FOR ADVANCEPCS
Date: 09 October 2003
By Bloomberg News
Bloomberg News
Caremark RX, which plans to buy AdvancePCS to expand its operations in managing pharmacy benefit programs, says Florida and other states are conducting antitrust review of proposed acquisition (S)
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DJ ORTHOPEDICS AGREES TO BUY ORTHOLOGIC UNIT
Date: 10 October 2003
By Bloomberg News
Bloomberg News
DJ Orthopedics acquires OrthoLogic's bone-growth stimulation business for $93 million (S)
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MAGELLAN HEALTH WINS APPROVAL FOR RECOVERY PLAN
Date: 09 October 2003
By Bloomberg News
Bloomberg News
Magellan Health Services, manager of mental health care plans, receives Federal bankruptcy Judge Prudence Carter Beatty's approval for its recovery plan that will eliminate $600 million of debt and hand control to creditors and new investor Onex Corp; Onex will pay as much as $200 million in stock and cash to buy 34.4 percent to 49 percent interest in company (S)
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FLUX AT MEDICARE BLAMED FOR LOSS AT OPTION CARE
Date: 09 October 2003
By Bloomberg News
Bloomberg News
Option Care Inc says it had loss in third quarter and will cut jobs because of slow sales; chief executive Raj Rai blames legislation to overhaul Medicare for sluggish sales; measures being debated in Congress would save Medicare as much as $15 billion over 10 years by cutting reimbursements for drugs administered by doctors; Rai says concern about changes is making customers cautious, reducing demand for Option Care's services and prompting company to take steps to reduce expenses (S)
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VERIZON WORKERS APPROVE FIVE-YEAR CONTRACT
Date: 09 October 2003
By Bloomberg News
Bloomberg News
Five-year contract for 60,000 workers at Verizon Communications is ratified by members of Communications Workers of America (S)
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WALGREEN SAYS CHIEF FINANCIAL OFFICER IS RETIRING
Date: 10 October 2003
By Bloomberg News
Bloomberg News
Walgreen's chief financial officer Roger L Polark will retire Jan 14, 2004, and be succeeded by William Rudolphsen; Mia Kreis will replace Rudolphsen as controller and divisional vice president for accounting (S)
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LORAL REJECTS ECHOSTAR TAKEOVER BID AS INADEQUATE
Date: 09 October 2003
By Bloomberg News
Bloomberg News
Loral Space and Communications, satellite maker that filed for bankruptcy protection in July, rejects $1.85 billion takeover offer from EchoStar Communications (S)
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NEWSPRINT MAKER REPORTS WIDER QUARTERLY LOSS
Date: 10 October 2003
By Bloomberg News
Bloomberg News
Bowater Inc will report wider third-quarter net loss because of higher-than-expected costs at South Carolina newsprint mill (S)
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HALLIBURTON SAYS PROFIT FELL SHORT IN QUARTER
Date: 10 October 2003
By Bloomberg News
Bloomberg News
Halliburton Co says third-quarter profit was less than forecast because of rising legal fees and lower-than-expected results from ventures (S)
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BOISE CASCADE EXPECTS HIGHER THIRD-QUARTER EARNINGS
Date: 09 October 2003
By Bloomberg News
Bloomberg News
Boise Cascade Corp says profit surged in third quarter; final results set for release on Oct 21 (S)
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U.S. EQUITY FIRM BUYS STAKE IN GERMAN PUBLISHER
Date: 10 October 2003
By Bloomberg News
Bloomberg News
Hellman & Friedman acquires 19 percent of German publisher Axel Springer from Deutsche Bank for 350 million euros ($414 million) and agrees to buy as much as 5 percent more; plans to sell its holding in Springer, publisher of Europe's most widely read paper Bild Zeitung in years ahead (S)
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