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Article: CVS Caremark Reminds Longs Drug Stores Stockholders to Tender before October 15 Deadline.
- Article from:
- Business Wire
- Article date:
- October 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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WOONSOCKET, R.I. -- CVS Caremark Corporation (NYSE:CVS) today reminded stockholders of Longs Drug Stores Corporation (NYSE:LDG) to tender their shares into the previously announced tender offer of $71.50 per share in cash. The tender offer is scheduled to expire at 12:00 midnight, New York City time, at the end of Wednesday, October 15, 2008.
Tom Ryan, Chairman, President and CEO of CVS Caremark, commented, "CVS Caremark's offer of $71.50 per share is our best and final offer. It has cleared all regulatory hurdles and is fully financed and ready to close. Further, our offer represents a compelling opportunity for Longs stockholders to realize substantial and ...