Biotech Values

[DewDiligence]

CVS, Caremark Complete Merger

[The merged company will have annual revenue of about $80B and a market cap of almost $60B. Whether the merger makes economic sense remains to be seen.]

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070322:MTFH44794_2...

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Thu Mar 22, 2007 3:15 AM ET

NEW YORK, March 22 (Reuters) - U.S. companies CVS Corp. and Caremark Rx Inc. said on Thursday they have completed their merger, which joins the nation's largest pharmacy chain with a leading pharmaceutical services company as CVS/Caremark Corp.

Effective from Thursday, trading in Caremark stock <CMX> has been discontinued with the combined company's shares trading on the New York Stock Exchange under the symbol <CVS>.
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