Bergen Extends Offer on Takeover
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ORANGE — Bergen Brunswig Corp. has extended its offer for the purchase of all outstanding shares of takeover target Durr-Fillauer Medical Inc. until Aug. 14, a company subsidiary announced Wednesday.
Bergen is offering $26 a share for Durr-Fillauer, an Alabama company that competes with Bergen and sells pharmaceuticals at the wholesale level.
Durr-Fillauer has been resisting Bergen’s attempts at a buyout, saying it can get a better deal by proceeding with a proposed merger with Cardinal Distribution Inc. of Dublin, Ohio, for cash and stock valued at $30 a share.
By Tuesday, Bergen said it had purchased 30,408 shares of Durr-Fillauer common stock.
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