VALLEY FORGE, Pa.--(BUSINESS WIRE)--March 19, 2001--AmeriSource
Health Corporation (NYSE: AAS) today announced that its Board of
Directors has adopted a Shareholder Rights Plan. The Plan provides
that one right will be distributed as a dividend for each share of
AmeriSource common stock outstanding on March 30, 2001. In general, if
a person acquires 15 percent or more of AmeriSource's common stock,
each right will entitle the right holder to purchase shares of
AmeriSource common stock (or the common stock of the surviving company
in the case of a merger), at a 50 percent discount to market value.
The rights are redeemable by AmeriSource under certain circumstances.
The rights will not be exercisable in connection with the
AmeriSource-Bergen merger announced on March 19, 2001, and will expire
on the earlier of March 16, 2002 or the consummation of the merger.
About AmeriSource
AmeriSource Health Corporation, with more than $13 billion in
annualized operating revenue, is a leading distributor of
pharmaceutical and related healthcare products and services, and the
industry's largest provider of pharmaceuticals to acute care/health
systems customers. Headquartered in Valley Forge, PA, the Company
serves its base of about 15,000 customer accounts through a national
network of 22 strategically located drug distribution facilities. For
news and additional information about the company, visit its web site
at www.amerisource.com.
Certain information contained in this press release includes
forward-looking statements (as defined in Section 27A of the
Securities Act and Section 21E of the Exchange Act) that reflect the
Company's current views with respect to future events and financial
performance. Certain factors such as competitive pressures, success of
restructuring and system initiatives, market interest rates,
regulatory changes, continued industry consolidation, changes in
customer mix, changes in pharmaceutical manufacturers' pricing and
distribution policies, the loss of one or more key customer or
supplier relationships and other matters contained in the Company's
10-K for fiscal year 2000 and other public documents could cause
actual results to differ materially from those in the forward-looking
statements. The Company assumes no obligation to update the matters
discussed in this press release.
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AmeriSource Health Corporation, Valley Forge |
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Michael N. Kilpatric, 610/727-7118 |
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mkilpatric@amerisource.com |
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