was also drawn to Soma's automated fulfillment center--located in West Chester, OH, near five pharmacy schools and three overnight air hubs--and seasoned management team of mail-order and retail pharmacy veterans.
Most doctors already tell their pregnant patients that CVS
may increase the risk that a baby will be born with such deformities.
On a pro forma basis, CVS
stockholders will own 54.
We look forward to completing our merger with Caremark in early March," said Tom Ryan, Chairman, President and CEO of CVS
, "Our merger is based on a compelling strategic rationale that has resonated with consumers, employers and shareholders and will create substantial shareholder value.
In the letter, Caremark's Chairman, Chief Executive Officer and President Mac Crawford detailed the Board's thorough process leading up to the merger agreement with CVS
and its subsequent rejection of the hostile Express Scripts proposal.
and Caremark have begun integration planning as a result of having received antitrust clearance for their merger on December 20, 2006.
is America's largest retail pharmacy, operating over 6,200 retail and specialty pharmacy stores in 43 states and the District of Columbia.
is America's largest retail pharmacy, operating 6,202 retail and specialty pharmacy stores in 43 states and the District of Columbia as of December 30, 2006.
and Caremark made a filing of their joint merger proxy and offering prospectus with the Securities and Exchange Commission, representing another significant milestone towards completing this transaction.
8 million CVS
shares as of March 2, 2006, and has not sold any CVS
stock or exercised any options since that time.