NEW YORK (AP) — Omnicare Inc. said Tuesday it is giving up on its hostile bid to acquired fellow long-term pharmacy operator PharMerica Corp. after antitrust regulators opposed the deal.

Omnicare, of Covington, Ky., said Tuesday that it had allowed its tender offer for PharMerica shares to expire Friday. It did not buy any stock in PharMerica and all shares tendered will be returned.

PharMerica had always opposed the deal, which valued it at $457 million, or $15 per share.

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