Shares of Walgreen (NYSE:WAG) move up a bit in late trading, as the firm’s war with Express Scripts (NASDAQ:ESRX) seems to wane on word that the two have dropped claims against each other. However, the new contract is not yet in place, and traders raised their eyebrows at May sales figures that show just how much revenue Walgreen is giving up by not integrating Express Scripts customers into their business. Meanwhile, BMO Capital believes that the former will ultimately outlast the latter, and reach the premium it has designated for its cooperation.
Now, how is that for market making news. The Wall Street Cheat sheet is the source of this information.