CVS/Caremark approves $5B stock buyback

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WOONSOCKET – The board of directors of CVS/Caremark Corp. (NYSE: CVS) today approved the repurchase of up to $5 billion in outstanding common stock. The company said the buyback authorization allows it to acquire the shares from time to time via open-market purchases, private transactions and/or accelerated share repurchases. “We expect to repurchase shares as…

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