Omnicare (OCR -0.5%) withdraws its hostile offer for nursing-home pharmacy company PharMerica...

|About: Omnicare Inc. (OCR)|By:, SA News Editor

Omnicare (OCR -0.5%) withdraws its hostile offer for nursing-home pharmacy company PharMerica (PMC -2.6%) a month after federal regulators raised antitrust issues. PMC says it is "pleased" with the decision, believing that the offer undervalued the company; OCR says it will provide an update to strategies on Thursday, when it reports its Q4 results.