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Tuesday, October 15, 2019

Drug wholesalers perk up on talks to settle opioid suits for $18B

Drug distributors McKesson (NYSE:MCK), AmerisourceBergen (NYSE:ABC) and Cardinal Health (NYSE:CAH) are up after hours in reaction to the news that they are in talks to settle over 2,000 lawsuits brought by state and local governments over their role in the opioid epidemic. The offer allegedly on the table is $18B over 18 years.
https://seekingalpha.com/news/3505955-drug-wholesalers-perk-talks-settle-opioid-suits-18b

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