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NET EARNINGS AT BERGEN BRUNSWIG WILL BE LESS THAN EXPECTED; SHARE REPURCHASE PLAN EXTENDED

 NET EARNINGS AT BERGEN BRUNSWIG WILL BE LESS THAN EXPECTED;
 SHARE REPURCHASE PLAN EXTENDED
 ORANGE, Calif., Nov. 27 /PRNewswire/ -- Bergen Brunswig Corp. (AMEX: BBC) announced today that earnings results for the first fiscal quarter ending Nov. 30, 1991 will be below expectations and less than the results achieved during the first quarter of the prior year. Net earnings for the current quarter are expected to approximate $8.5 million, equal to $0.21 per share.
 For the prior-year quarter, the company reported net sales and other revenues of $1.18 billion, net earnings of $17 million and fully diluted earnings per share of $0.37.
 A major factor influencing reduced drug and healthcare earnings is a provision of $8 million for probable losses incurred in connection with credit extended to certain customers. This charge is equivalent to $0.12 per share. Other contributing factors are an increasingly competitive marketplace and reduced opportunity for investment buying related to manufacturers' price increases.
 The company also announced that its board of directors has authorized the additional expenditure of up to $100 million to purchase shares of its Class A common stock from time to time in open market transactions as market conditions warrant and as permitted by the rules of the Securities and Exchange Commission and the American Stock Exchange. Earlier this month, the company completed a $100 million stock repurchase plan announced on April 25, 1991.
 Bergen Brunswig Corp. is one of the nation's largest distributors of


prescription pharmaceuticals and other health care products and the largest national distributor of prerecorded videocassettes.
 -0- 11/27/91
 /CONTACT: George E. Reinhardt Jr., senior VP and CFO of Bergen Brunswig, 714-385-4000/
 (BBC) CO: Bergen Brunswig Corp. ST: California IN: MTC SU:


KJ-EH -- LA002 -- 7617 11/27/91 08:30 EST
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Publication:PR Newswire
Date:Nov 27, 1991
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