BERGEN BRUNSWIG CORP
3, 1997-08-29
DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES
Previous: BANKERS TRUST NEW YORK CORP, S-8 POS, 1997-08-29
Next: BERGEN BRUNSWIG CORP, SC 13D, 1997-08-29



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
   Cardinal Health, Inc. 
   5555 Glendon Court
   Dublin, Ohio  43016
   U.S.
2. Date of Event Requiring Statement (Month/Day/Year)
   August 23, 1997
3. IRS or Social Security Number of Reporting Person (Voluntary)
   31-0958666
4. Issuer Name and Ticker or Trading Symbol
   Bergen Brunswig Corporation
   BBC
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director  (X) 10% Owner  ( ) Officer (give title below) ( ) Other
   (specify below)
        Officer Title   
        
6. If Amendment, Date of Original (Month/Day/Year)
   
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Beneficially Owned                                                                           |
___________________________________________________________________________________________________________________________________|
1. Title of Security                       |4. Amount of          |6. Ownership    |7. Nature of Indirect                          |
                                           |   Securities         |   Form:        |   Beneficial Ownership                        |
                                           |   Beneficially       |   Direct(D) or |                                               |
                                           |   Owned              |   Indirect(I)  |                                               |
___________________________________________________________________________________________________________________________________|
<S>                                        <C>                    <C>              <C>
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Beneficially Owned                                                                             |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Date Exer-       |3.Title and Amount     |         |4. Conver-|5. Owner-    |6. Nature of Indirect      |
  Security              |  cisable and      |  of Underlying        |         |sion or   |ship         |   Beneficial Ownership    |
                        |  Expiration       |  Securities           |         |exercise  |Form of      |                           |
                        |  Date(Month/      |-----------------------|---------|price of  |Deriv-       |                           |
                        |  Day/Year)        |                       |Amount   |deri-     |ative        |                           |
                        | Date    | Expira- |                       |or       |vative    |Security:    |                           |
                        | Exer-   | tion    |         Title         |Number of|Security  |Direct(D) or |                           |
                        | cisable | Date    |                       |Shares   |          |Indirect(I)  |                           |
___________________________________________________________________________________________________________________________________|
<S>                     <C>       <C>       <C>                     <C>       <C>        <C>           <C>
Option to purchase share|(1)      |(1)      |Class A Common Stock   |10,028,16|$48.29    |D            |                           |
s of Class A Common Stoc|         |         |                       |3(1)     |          |             |                           |
k                       |         |         |                       |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Pursuant to the Stock Option Agreement, dated August 23, 1997 (the "Stock 
Option Agreement"), between Cardinal Health, Inc. ("Cardinal") and 
Bergen Brunswig Corporation ("Bergen"), Bergen granted Cardinal an irrevocable 
option (the "Option") to purchase from Bergen, under certain 
circumstances, up to 10,028,163 authorized and unissued shares of Bergen Class 
A Common Stock, par value $1.50 per share ("Bergen Shares") at 
a price per share of $48.29. Under certain circumstances set forth in the Stock 
Option Agreement, a greater number of Bergen Shares may be 
purchased. The Option is exercisable, in whole or in part, at any time or from 
time to time if a Purchase Event (as defined in the Stock Option 
Agreement) has occurred; provided, however, that to the extent the Option has 
not been exercised, it will terminate upon the earlier to occur of (i) the 
effective time of the merger of a wholly owned subsidiary of Cardinal with and 
into Bergen (the "Merger") pursuant to the Agreement and Plan of 
Merger, dated as of August 23, 1997 (the "Merger Agreement"); (ii) 5:00 p.m. 
New York City time, on the date which is 180 days following the 
occurrence of a Purchase Event; and (iii) (x) the termination of the Merger 
Agreement in accordance with its terms (other than in certain 
circumstances as specified by the Stock Option Agreement), or (y) 5:00 p.m. New 
York City time, on the date which is one year following the 
termination of the Merger Agreement pursuant to Section 7.1 (e) thereof if a 
certain Purchase Event has not occurred; provided, further, that if the 
Option cannot be exercised before its date of termination as a result of an 
injunction, order or similar restraint issued by a court of competent 
jurisdiction, the Option will expire on the 10th business day after such 
injunction, order or restraint will have been dissolved or when such 
injunction, order or restraint will have become permanent and no longer subject 
to appeal, as the case may be, but in no event later than 18 months after the 
occurrence of a Purchase Event. As of the date hereof, the Option is not 
exercisable. 
/s/ George H. Bennett, Jr.                              August 29, 1997
- --------------------------                              ---------------
**Signature of Reporting Person                               DATE
   By:  George H. Bennett, Jr.
Title:  Executive Vice President,
        General Counsel and Secretary



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission