Omnicare, Inc. (NYSE:OCR) is a Cincinnati, Ohio based pharmaceutical services provider. On May 21, 2015, CVS Health announced that it would acquire Omnicare for $98 cash per share in a $9.5 billion merger. The Omnicare acquisition expands CVS into the long term care pharmacy dispensing channel. The deal received regulatory and shareholder approvals and was completed on August 18, 2015.The Fund earned an 8.46% annualized return.
From Mario Gabelli (Trades, Portfolio)'s ABC Fund third quarter commentary.
