Omnicare disclosed that it received a request for additional information from the Federal Trade Commission regarding its offer to acquire PharMerica Corp.
FTC asks Omnicare for more information about offer for PharMerica
The Covington, Ky.-based institutional pharmacy services company said it received the request on Sept. 22, according to a news release.
Omnicare had announced plans to buy rival PharMerica in August. More recently, Omnicare announced a tender offer for the Louisville, Ky.-based company and then a lawsuit alleging PharMerica directors violated their fiduciary duties by refusing to evaluate the offer.
PharMerica rejected the tender offer earlier this week.
In a separate filing on Sept. 22, PharMerica said that it entered into indemnification agreements with the company's directors and executive officers, in order to advance “expenses incurred by the director or officer” in connection with legal proceedings.
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