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AmerisourceBergen Boosts Savings Estimate

California | IN BRIEF / Southland

September 11, 2001|Bloomberg News

AmerisourceBergen Corp., created last month from the combination of two of the nation's largest drug wholesalers, said Monday it should be able to generate greater savings than initially anticipated.

The company, formed after AmeriSource Health Corp.'s acquisition of rival Bergen Brunswig Corp. in Orange received regulatory approval, boosted its estimate of annual savings from the combination to $150 million in three years from $125 million.

About a third of the savings will come from closing at least 21 distribution centers, AmerisourceBergen said.

Shares of the Valley Forge, Pa.-based company fell 2 cents to close at $64.88 on the New York Stock Exchange.

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