NEW YORK (AP) — Omnicare Inc. on Tuesday went public with a $457 million offer for pharmacy management services company PharMerica Corp., sending shares of both companies surging.

Omnicare dispenses drugs for nursing homes and other long-term care centers. It said Omnicare CEO John Figueroa said in a letter sent Tuesday to the PharMerica board that its CEO, Gregory Weishar, approached him about exploring a combination of the companies back in April, and Figueroa expressed interest to Weishar several times. PharMerica’s CEO was not named in the letter.

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