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Catalyst, Walgreens move ahead with PBM acquisition
ROCKVILLE, Md. — Catalyst Health Solutions and Walgreens on Monday announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with Catalyst’s previously announced proposed acquisition of Walgreens Health Initiatives, the pharmacy benefit management subsidiary of Walgreens.
Completion of the proposed acquisition remains subject to other closing conditions. The companies continue to expect to complete the transaction in the first half of 2011.
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Costco head named one of the top CEOs by Barron's
NEW YORK — Costco Wholesale CEO Jim Sinegal has made the Barron’s magazine list of the top 30 CEOs.
Sinegal earned the 22nd spot on the list. The magazine pointed out his busy travel schedule, which takes him to most of Costco’s 582 stores every year, as well as a recent trip to Asia from which he arrived in Issaquah, Wash., at 8 a.m., showered and was in the office at 9 a.m.