Schein up on dismissal from antitrust case

Dental products distributor Henry Schein (HSIC +1.5%) is up on below-average volume in response to an initial decision from an administrative law judge dropping the company from a Federal Trade Commission (FTC) antitrust complaint accusing it and fellow distributors Benco Dental Supply Company and Patterson Companies (PDCO +0.9%) of conspiring to refuse extending discounts to buying groups representing dentists.

Judge D. Michael Chappell held that Benco and Patterson were part of the conspiracy but Schein was not citing a lack of evidence to the contrary.

The three companies control over 85% of the U.S. market for sales of dental products and services.

https://seekingalpha.com/news/3506199-schein-2-percent-dismissal-antitrust-case