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Article: CVS Caremark Reports Successful Tender Offer for Longs Drug Stores Shares.
- Article from:
- Business Wire
- Article date:
- October 20, 2008
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76.51% of Longs' Shares Tendered
Subsequent Offering Period Expiring October 28, 2008 Announced
WOONSOCKET, R.I. -- CVS Caremark Corporation (NYSE: CVS) today announced that its tender offer for shares of common stock of Longs Drug Stores Corporation (NYSE: LDG) at a price of $71.50 per share has been successful. The offer period expired at 6:00 p.m., New York City time, on Friday, October 17, 2008.
As of the expiration of the offer, a total of approximately 27,749,072 shares of Longs were validly tendered and not withdrawn (including approximately 3,144,720 shares delivered through notices of guaranteed delivery), representing approximately ...