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Europris : income tax decision to increase Q2 net profit by NOK 4.3 mln

Wednesday, 1 Jul 2015 05:46am EDT

Europris ASA:Income tax decision will increase net profit by 4.3 million Norwegian crowns in Q2.Says final decision of Skatt Øst states that the Group's income in 2011 will be increased by 9.7 million crowns resulting in tax expense of 2.7 million crowns.Skatt Øst decided that no penalty tax will be imposed.Says the company will not use its right to oppose final decision from Skatt Øst and tax issue is hereby settled.

CVS Health Corp to acquire, rebrand & operate target Corp's pharmacies & clinics

Monday, 15 Jun 2015 07:00am EDT

CVS Health Corp:Cvs Health and Target Corp sign agreement for CVS Health to acquire, rebrand and operate target's pharmacies and clinics.Says deal valued at about $1.9 billion.Says will acquire target's more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format.Says new clinics will be part of cvs/minuteclinic's plan to operate 1,500 clinics by 2017.CVS Health and Target plan to develop five to 10 small, flexible format stores over a two-year period following the deal close.Says will finance the transaction with additional debt.Says target's after-tax net proceeds from the transaction are expected to be about $1.2 billion.Says a cvs/pharmacy will be included in all new Target Stores that offer pharmacy services.Target's nearly 80 clinic locations to be rebranded minuteclinic, Cvs will open up to 20 clinics in Target Stores in 3 yrs of deal close.Says CVS Health and Target plan to develop five to 10 small, flexible format stores over a two-year period following the deal close.Following deal close, Target guests will have access to Cvs health's pharmacy care programs and medical clinic services.Barclays served as the financial advisor to CVS Health ; Goldman Sachs acted as financial advisor to Target.

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