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Big Drug Deal
And no, this isn’t a deal behind a warehouse for an illegal substance. A merger between CVS Corp. and Caremark RX can continue to move forward today after an announcement by Caremark RX that it would discontinue its dealings with Express Scripts.
According to a story on MSN.com, “Express Scripts will move forward with the $21.2 billion all-stock bid by CVS made Nov. 1. Caremark said Express Scripts' higher offer included "questionable assumptions" on its cost-savings calculations and "would result in a highly leveraged and weakened business."
Caremark’s board was apparently concerned about anti-trust issues between the combining of the 2nd and 3rd largest prescription drug managers in the United States. As expected, shares of all three companies were down around 1%.
The Caremark/CVS merger has already been cleared of any anti-trust issues and the companies expect to close the transaction by the end of the first quarter of 2007. If the deal goes through between
CVS and Caremark RX, they would be responsible for shipping more than one quarter of all prescription medication in the United States.
The Nashville Business Journal Reports, “In yesterday's statement from Caremark, the company states it "remains convinced that its pending combination with CVS will define and lead the next evolution of the pharmaceutical services industry, providing substantial strategic and financial benefits." New and innovative programs and better consumer access and choice are sited as reasons the Caremark/CVS deal is attractive.”
For more related articles or to subscribe to our feed please visit this Consumer Advocacy website for more information on ordering from an online no prescription pharmacy.
For more related articles or to subscribe to our feed please visit our blog: Shopper’s Drug Mart- Consumer's Bible to BIG SAVINGS Online.
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Global Warming Heating Up…or Cooling Down?
Man’s original home in the Garden of Eden was perfectly suitable for living—forever. How so? Before God created the first man out of the elements of Earth, God took time to prepare the Earth which for untold time had been "without form and void," when "darkness was upon the face of the deep" (Gen 1:2). During the creative days He then proceeded to prepare the earth for man’s habitation.The Three Destinies of Man
Tragic events so prevalent in our day cause many to seek answers about life, death and the hereafter. Frequently asked questions are: "What is to become of me after I die? Is death the end?" "Will I go to heaven, or will I go to hell because I've backslid?" "What happens to the billions who have never heard of Christ?" In answer to these questions, our response is that God has illustrated in His Word three different paths which lead to three different destinies.Putting Out the Fires of Anarchy
"Therefore wait ye upon me, saith the LORD, until the day that I rise up to the prey: for my determination is to gather the nations, that I may assemble the kingdoms, to pour upon them mine indignation, even all my fierce anger: for all the earth shall be devoured with the "fire" of my jealousy. For then will I turn to the people a pure language, that they may all call upon the name of the LORD, to serve him with one consent [‘shoulder to shoulder’ NAS]." Zephaniah 3:8-9
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