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March 9, 2007

Latest on CVS-Caremark Merger

CVS made what it calls its "best and final" offer for Caremark, raising the cash dividend from $6 to $7.50, for a deal valued at $26 billion.  The Caremark shareholders are scheduled to vote on the merger on March 16.  ExpressScripts' rival bid is still higher at $26.3 billion, but it faces regulatory delays with the FTC.  SeeNYTimes, CVS Again Increases Its Offer for Caremark and WSJ, CVS Makes 'Final' Bid to Secure Caremark.

March 9, 2007 in News Stories | Permalink

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