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CVS applauds Caremark for rejecting rival takeover bid

Friday, August 08, 2008 - by superuser  

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CVS-brand pain reliever caplets are seen in Miami in 2006. The CVS retail pharmacy group said it welcomed the weekend decision by drug distributor Caremark Rx to reject a rival takeover bid and said it hoped to close its merger with Caremark soon.(AFP/Getty Images/File/Joe Raedle)AFP - The CVS retail pharmacy group said it welcomed the weekend decision by drug distributor Caremark Rx to reject a rival takeover bid and said it hoped to close its merger with Caremark soon.



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