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Article: CVS Caremark Extends Tender Offer for Longs.
- Article from:
- Business Wire
- Article date:
- September 14, 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)
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-- CVS Caremark Stands Firm on $71.50 Offer to Acquire Longs --
WOONSOCKET, R.I. -- CVS Caremark Corporation (NYSE: CVS) announced today that it has extended the expiration for its tender offer to purchase all of the outstanding common shares of Longs Drug Stores Corporation (NYSE: LDG), at a price of $71.50 per share in cash, to midnight, New York City time at the end of Wednesday, October 15, 2008. All other terms and conditions of the tender offer remain unchanged.
CVS Caremark has received a copy of Walgreen Company's (NYSE: WAG) unsolicited, non-binding expression of interest received by Longs, which is subject to completion of due diligence and ...