CVS, Caremark unite to create drug-sale giant

Article Abstract:

American drugstore chain CVS Corp. is acquiring Caremark Rx Inc. for $21 billion. The combined company, which will have $75 billion in annual revenue, will handle over 1/4 of U.S. prescriptions per year. The Federal Trade Commission will examine the merger closely for antitrust violations.

Market share, Drug stores and proprietary stores, Pharmacies and Drug Stores, HEALTH SERVICES, Drug Stores, United States, Health care industry, Drugstores, CVS Corp., Caremark Rx Inc., Company market share, CMX, CVS

---

PAI Partners pulls out of bidding for Altadis: CVC Capital is still interested in making an offer for company

Article Abstract:

French private equity firm PAI Partners has withdrawn from the consortium it formed with CVC Capital Partners Ltd. that offered $17.19 bil for Spanish tobacco products company Altadis SA. However, British firm Imperial Tobacco Group PLC has enlisted five banks to fund a possible bid.

Strategy & planning, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, TOBACCO PRODUCTS, Tobacco farms, United Kingdom, Planning, Spain, Tobacco industry, Imperial Tobacco Group PLC, Company business planning, Altadis S.A., CVC Capital Partners Ltd., PAI Partners

---

Similar abstracts:

• Abstracts: UniCredito agrees to acquire HVB. Linde garners approval of FTC for its Acquisition of BOC Group
• Abstracts: Ryanair pulls bid for Aer Lingus and EU probe. Alitalia faces flying solo: Italy seeks buyers in a test for subsidized European companies
• Abstracts: Britain for sale: foreign owners may be secret of U.K.'s success; outsiders spur revival as critics question cost, BMW rescues the Mini
• Abstracts: Japan Tobacco acquires Gallaher for $15 billion. Race for Spain's Altadis heats up as bids loom: Imperial Tobacco, CVC are poised to do battle in all-European contest
• Abstracts: Singapore's failing bid for brainpower. Thailand's exposed southern flank. Philippines fights leftists, fair or foul

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.