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Cardinal Health, Futuremed receive no-action letter from Competition Bureau

 |  February 16, 2012

Cardinal Health Canada and Futuremed Healthcare Products have announced receipt of a no-action letter from the Canadian Competition Bureau. The letter indicates that the Bureau does not intend to oppose the acquisition of Futuremed by Cardinal Health Canada. Cardinal Health Canada is a subsidiary of U.S.-based Cardinal Health, a health care services company; Futuremed Healthcare Products is a distributor of nursing home supplies.

Under the deal, Cardinal Health is to purchase all shares of outstanding common stick for $8.15 per share in cash.

Source: TechFinance.ca