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Longs Drug Stores

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  1. FTC Ends Investigation of CVS Caremark; Looks Like Much Ado About Nothing

    Commentary

    Thu, 12 Jan 2012

    anti-competitive behavior. The investigation appears to have been prompted by inaccurate drug prices posted by Longs Drug Stores on a website--prior to Longs' acquisition by CVS. CVS Caremark will pay $5 million into a fund to compensate

  2. New Credit Rating: CVS Caremark

    Commentary

    Mon, 19 Apr 2010

    its acquisition activity . Even beyond Caremark , CVS has been highly acquisitive in recent years - - purchasing Longs Drug Stores , MinuteClinic , and certain Eckerd , Osco , and Sav - on stores sometimes at high prices - - and that activity may

  3. CVS Posts Respectable 2Q

    Commentary

    Tue, 4 Aug 2009

    indicative of the underlying rate of growth, although this increase was also primarily due to the acquisition of Longs Drug Stores ' RxAmerica subsidiary, which helped offset the loss of two large health plan clients at the beginning of the year

  4. First Impression of CVS Caremark's 4Q

    Commentary

    Thu, 19 Feb 2009

    Quarterly revenue increased 10% but benefited from the extra days during the quarter as well as the acquisition of 529 Longs Drug Stores . Same-store sales in the company's retail segment rose 3.6%. Operating income from continuing operations

  5. CVS' 2009 Outlook Disappoints Many

    Commentary

    Fri, 9 Jan 2009

    61 versus a consensus estimate of $2.74. While 6 cents can be attributed to dilution from the acquisition of Longs Drug Stores , which is probably not incorporated into the consensus numbers, this is still significant, as CVS Caremark CVS

  6. CVS Finalizing Longs' Acquisition

    Commentary

    Mon, 20 Oct 2008

    Following the expiration period of the tender offer for shares of Longs Drug Stores LDG on Friday, CVS Caremark CVS today announced that enough Longs' shareholders had tendered their shares at the $71.50 offer

  7. Walgreen Makes Announcements

    Commentary

    Mon, 13 Oct 2008

    Last week, drugstore chain Walgreen WAG withdrew its offer to acquire rival Longs Drug Stores LDG; two days later, it announced the retirement of CEO Jeffrey Rein. While we do not believe the questionable move to acquire

  8. Walgreen Makes Offer for Longs

    Commentary

    Mon, 15 Sep 2008

    Late Friday, Walgreen announced an unsolicited bid to acquire Longs Drug Stores LDG for $75 per share, which could disrupt the planned deal between Longs and CVS Caremark CVS with an offer roughly 5% higher

  9. CVS Caremark to Acquire Longs

    Commentary

    Wed, 13 Aug 2008

    CVS Caremark CVS and regional drugstore chain Longs Drug Stores LDG jointly announced Aug. 12 a proposed acquisition of Longs by CVS Caremark for $2.9 billion, which includes the assumption

  10. Longs Reports 1Q Results

    Commentary

    Thu, 22 May 2008

    After the bell Wednesday, Longs Drug Stores LDG reported first-quarter results that benefited from some easy retail margin comparisons and the impact from share buybacks

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