Wednesday, May 9, 2007

CVS/Caremark authorizes up to $5 bln in buybacks

(Reuters) - CVS offered $35 per share in the tender offer, which was made as part of its sweetened bid for Caremark. The shares traded at around $34 per share in late March, when the tender offer began, but moved above $35 in early April. The stock was up 2.3 percent at $37.84 on the New York Stock Exchange Wednesday.




Read more at Reuters.com Mergers News

No comments: