Express Scripts Inc. sued Walgreen Co. for what it called a “campaign to disparage” the pharmacy- benefits manager in an illegal attempt to wrest away customers.
Express Scripts Inc. agreed to buy Medco Health Solutions Inc. for $29.1 billion in the largest deal in at least a decade among U.S. companies that manage prescription-drug benefits.
Walgreen Co. said it won a ruling in its contract dispute with Express Scripts Inc. when an arbitrator refused to order the drug chain to stop making allegedly false and misleading statements.
Walgreen Co., the largest U.S. drugstore chain, rose 2.7 percent, the most in three weeks, after extending an agreement with Express Scripts Inc. covering 430,000 customers in Kansas City, Missouri.
Sachin Shah Discusses Express Scripts, Medco Merger