Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, March 14, 2007

Shareholders to Vote on CVS-Caremark Merger

Shareholders of Caremark and CVS vote later this week on the $23.4 billion merger.  Proxy advisors have divided on whether to recommend that Caremark shareholders approve the acquisition.  Institutional Shareholder Services recommends a yes vote, while Proxy Governance says no, citing concerns over the process.  See NYTimes, Adviser Urges Caremark to Accept CVS Bid.

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