CVS, Caremark complete merger deal
NEW YORK, March 22 (Reuters) - U.S. companies CVS Corp. and Caremark Rx Inc. said on Thursday they have completed their merger, which joins the nation's largest pharmacy chain with a leading pharmaceutical services company as CVS/Caremark Corp .
Effective from Thursday, trading in Caremark stock CMX.N has been discontinued with the combined company's shares trading on the New York Stock Exchange under the symbol (CVS.N).
In the light of the closing, CVS/Caremark said it will commence a cash offer in approximately five business days for 150 million, or about 10 percent, of its outstanding shares at a fixed price of $35 per share.
((Reporting by Mark Porter, editing by Greg Mahlich; mark.porter@reuters.com, 646 223 6000)) Keywords: CVS CAREMARK
(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWEN5665
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters