Catamaran Corporation (NASDAQ:CTRX) is an Illinois based provider of pharmacy benefit management services and technology solutions. On March 30, 2015, the company agreed to combine with OptumRX, UnitedHealth Group’s independent pharmacy care services business. This was a combination of the #3 and #4 pharmacy benefit managers in the U.S. Under the terms of the combination, OptumRx acquired Catamaran for $61.50 in cash per share. The combination required regulatory and shareholder approvals and closed on July 23, 2015. The Fund earned an annualized return of 8.71%.
From Mario Gabelli (Trades, Portfolio)'s ABC Fund third quarter commentary.
