CVS Could Wrap Up Longs Purchase Today: Reports

CVS Caremark could complete its purchase of Longs Drug Stores, Walnut Creek, Calif., as early as today, according to media reports.

WOONSOCKET, R.I. — CVS Caremark here could complete its purchase of Longs Drug Stores, Walnut Creek, Calif., as early as today, according to media reports. The company was waiting for enough shares to be tendered for it to have two-thirds ownership, the reports said.

The deal, for $71.50 a share in cash, or about $2.5 billion, is coming together after Walgreen Co., Deerfield, Ill., dropped its rival bid for Longs. Walgreens’ chief executive officer, Jeffrey Rein, resigned shortly afte

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