Money Matters - Simplified

PharMerica common stock

Omnicare proposes to buy PharMerica's outstanding shares

In a bid to purchase all outstanding shares of PharMerica common stock for $15.00 per share in cash, Omnicare, Inc. has sent a letter to PharMerica Corporation. Inclusive of PharMerica's net debt, the transaction is valued at $716 million.

The all cash proposal is a 37.2 percent premium over PharMerica's closing stock price on Aug.