CVS To Close Deal for Longs

While the acquisition of Longs Drug Stores, Walnut Creek, Calif., by CVS Caremark is likely to have little short-term impact on supermarket pharmacy operations, retailers and other observers are keeping an eye on how CVS uses the additional selling space in the Longs stores. Last week, CVS reported that it had amassed the number of shares of Longs' common stock necessary to acquire

WOONSOCKET, R.I. — While the acquisition of Longs Drug Stores, Walnut Creek, Calif., by CVS Caremark here is likely to have little short-term impact on supermarket pharmacy operations, retailers and other observers are keeping an eye on how CVS uses the additional selling space in the Longs stores.

Last week, CVS reported that it had amassed the number of shares of Longs' common stock necessary to acquire the chain. CVS said the deal could close before the end of the month.

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