Judge delays CVS vote by Caremark shareholders

THE MERGER PLAN announced in November by Thomas M. Ryan, left, president and CEO of CVS, and Mac Crawford, his counterpart at Caremark Rx, today hit its first delay. /
THE MERGER PLAN announced in November by Thomas M. Ryan, left, president and CEO of CVS, and Mac Crawford, his counterpart at Caremark Rx, today hit its first delay. /
WILMINGTON, Del. – A lawsuit by a group of Caremark Rx Inc. investors today succeeded in delaying a shareholder vote on CVS Corp.’s $25.7 million offer, Bloomberg News said. With the Caremark vote previously set for next Tuesday, Feb. 20, and the CVS vote for Friday, Feb. 23, the deal might have closed this month.…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display