Retail Industry
Industry: Email Alert RSS FeedCVS Caremark Corp.(THE ticker)
Private Label Buyer, October, 2008
CVS Caremark Corp., Woonsocket, R.I., and Longs Drug Stores Corp., Walnut Creek, Calif., 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 debt.
Through this acquisition, CVS Caremark will acquire Longs' 521 retail drugstores in California, Hawaii, Nevada and Arizona, as well as its Rx America subsidiary, which offers prescription benefit management services to more than 8 ...
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