Mintz Levin Advises CVS Corporation on its $21 Billion Merger Agreement with Caremark Rx, Inc

Business Wire, Nov 7, 2006

BOSTON -- Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. announced that it is representing CVS Corporation (NYSE:CVS) as co-counsel in connection with a $21 billion stock-for-stock merger transaction with Caremark Rx, Inc. (NYSE:CMX). The merger transaction, when consummated, would combine one of the nation's leading pharmaceutical services companies with the nation's largest retail pharmacy chain. The newly created Fortune 20 company, to be called CVS/Caremark Corporation, would become the nation's premier integrated pharmacy services provider. The transaction is subject to stockholder approval from both companies as well as regulatory approvals, including antitrust review under the Hart-Scott-Rodino statute pre-merger notification.

The Mintz Levin team of attorneys representing CVS in the transaction includes the following Members of the Firm:

     Bruce Sokler                  Hope Foster
     Bruce Metge                   Ellen Janos
     Fernando Laguarda             Steve Friedberg
     Susan Phillips                Andrew Urban, Relationship Manager
     Robert Clark

CVS is the nation's largest retail pharmacy chain, operating approximately 6,200 stores across 43 states, as well as a $3 billion wholly owned PBM and specialty pharmacy subsidiary. Caremark, one of the nation's leading pharmaceutical services companies, provides comprehensive prescription benefit management services to over 2,000 health plans, including corporations, managed care organizations, insurance companies, unions and government entities.

Mintz Levin is an AmLaw 100 law firm with offices in the US and the UK. The firm has exceptional depth in a broad range of practice areas, but our clients recognize that what sets us apart from other law firms is our industry focus. By truly understanding business drivers and industry trends, we are able to provide our clients with more than just legal advice. We provide legal solutions to our clients' business issues. Since 1933, our lawyers have represented entrepreneurs, emerging growth companies, government agencies, and leaders in primary industries that include Life Sciences/Biotechnology; Technology & Communications; Financial Services & Insurance; Healthcare; Real Estate, Hospitality & Construction; and Retail & Consumer Products. Our practical knowledge combined with our industry expertise enables us to provide our clients with enterprise legal advice that gives their business a competitive advantage in the marketplace. For detailed information on the firm we invite you to visit www.mintz.com.