Daily Business News
Wednesday, November 01, 2006
  CVS to buy Caremark for $20.6 billion (Reuters)

A CVS store in an undated photo. CVS agreed to acquire Caremark Rx a pharmacy benefits manager for about $48.50 a share according to cable television news network CNBC. (Handout/Reuters)Reuters - Drugstore chain CVS Corp. on Wednesday agreed to acquire pharmacy benefits manager Caremark Rx Inc. for $20.8 billion to expand its prescription benefits and mail-order business.


  1:07 PM
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