CVS Caremark Corp. (NYSE: CVS) offered $2.7 billion to acquire drugstore operator Longs Drugs Stores Corp. (NYSE: LDG). Shares of Longs leaped $16.40 to $70.44 while CVS stock eased 32 cents to $37.73.
CVS Offers $2.7 Billion For Longs
August 13, 2008 at 14:35 PM EDT