John Figueroa

Omnicare CEO steps down

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Omnicare's Chief Financial Officer John Workman has been appointed as the company's interim chief executive officer following the resignation of John Figueroa as CEO.

Rebuffed by PharMerica top brass, Omnicare appeals to board members in purchase attempt

Rebuffed by PharMerica top brass, Omnicare appeals to board members in purchase attempt

Omnicare's top management decided private negotiations with their counterparts at takeover target PharMerica were not working. So on Tuesday, Omnicare went public with an announced $15 per share bid for the company. The proposed deal would involve the No. 1 institutional pharmacy provider purchasing the No. 2 for $715 million, according to an Omnicare announcement.

High-stakes deal just warming up

High-stakes deal just warming up

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So this is what it comes to when No. 1 attempts to buy No. 2. This could be some pretty lively theater by the time the final curtain drops.