OTHER NEWS - Aug. 29, 1992

Latest Bergen Brunswig Takeover Bid Rejected: Bergen Brunswig Corp. said Friday it is “disappointed” that its latest takeover offer was spurned by an Alabama competitor’s directors, who were angry over a demand for restrictive employment agreements. Nevertheless, the Orange-based drug wholesaler said that its offer of $466 million, or $33 a share, to acquire Durr-Fillauer Medical Inc. of Montgomery, Ala., will remain active until the bid expires Sept. 4. Durr-Fillauer said Thursday that it was rejecting Bergen Brunswig’s takeover proposal because conditions outlined in contracts proposed for its four top executives were unacceptable. But Bergen Brunswig, in its Friday statement, said that it had been negotiating in good faith and had indicated that it was “flexible” about the conditions.