King Pharmaceuticals extends tender off for Alpharma shares
BRISTOL, Tenn. King Pharmaceuticals has extended its tender offer for all outstanding shares of Class A common stock in Alpharma until Nov. 21, King announced Monday.
King announced an offer to acquire the shares for $37 each, and originally announced a deadline of Oct. 10 for the offer. The offer, totaling about $1.6 billion, was 67 percent more than the closing price of the stock on Aug. 4, when King first delivered a proposal offering to acquire the stock.
About 18.8 million shares of the stock, or 45 percent of all outstanding shares, were validly tendered and not withdrawn, pursuant to the tender offer.
Walgreens ships diabetes supplies for free to Medicare Part B patients
DEERFIELD, Ill. Walgreens has announced that it ship diabetes testing supplies for free to people who have their supplies covered under Medicare Part B.
The move comes at a time when budgets are tight—especially for seniors. To make getting diabetes supplies easier and more affordable, Walgreens said, patients can pick up their testing items at one of the 6,400 stores or have supplies mailed to their home at no cost.
Those seniors who are eligible can sign up by calling 1-888-PARTB-65 (1-888-727-8265) or request a call from a Walgreens representative by logging on to https://www.walgreens.com/partb. Special Walgreens phone reps will assist with filing all of the necessary Part B claim forms and will answer any other additional questions, the company said.
Bruno’s, Food World stores announce closings of many in-store pharmacies
TUSCALOOSA, Ala. Bruno’s over the weekend announced that 22 out 40 in-store pharmacies in Bruno’s and Food World stored throughout Alabama and Florida will be closed. The closures will affect about 60 employees, the company said.
Bruno’s will sell remaining prescriptions and pharmaceutical inventories to CVS, a spokesman told the local media. CVS may also retain some of Bruno’s pharmacy employees.
No word yet on what Bruno’s will do with the remaining space in stores.