|
|
Article: CVS Caremark Corporation to Acquire Longs Drug Stores Corporation.
- Article from:
- Business Wire
- Article date:
- August 12, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
--Provides Outstanding Store Network in Highly Attractive Central and Northern California and Hawaiian Markets--
--Broadens CVS Caremark's Geographic Footprint Facilitating Roll-Out of New Proactive Pharmacy Care Offerings--
--Expands CVS Caremark's Position as the #1 Provider of Prescriptions in the U.S.--
WOONSOCKET, R.I. & WALNUT CREEK, Calif. -- CVS Caremark Corporation (NYSE: CVS) and Longs Drug Stores Corporation (NYSE: LDG) today announced that they have entered into a definitive agreement under which CVS Caremark will acquire Longs for $71.50 per share in cash for a total purchase price of $2.9 billion including the assumption of net ...