BOSTON–LAWFUEL – Law News Network – Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. announced that it is representing CVS Corporation (NYSE:CVS) as co-counsel in connection with a $21 billion stock-for-stock merger transaction with Caremark Rx, Inc. (NYSE:CMX). The merger transaction, when consummated, would combine one of the nation’s leading pharmaceutical services companies with the nation’s largest retail pharmacy chain. The newly created Fortune 20 company, to be called CVS/Caremark Corporation, would become the nation’s premier integrated pharmacy services provider. The transaction is subject to stockholder approval from both companies as well as regulatory approvals, including antitrust review under the Hart-Scott-Rodino statute pre-merger notification.
The Mintz Levin team of attorneys representing CVS in the transaction includes the following Members of the Firm:
Bruce Sokler Hope Foster
Bruce Metge Ellen Janos
Fernando Laguarda Steve Friedberg
Susan Phillips Andrew Urban, Relationship Manager
CVS is the nation’s largest retail pharmacy chain, operating approximately 6,200 stores across 43 states, as well as a $3 billion wholly owned PBM and specialty pharmacy subsidiary. Caremark, one of the nation’s leading pharmaceutical services companies, provides comprehensive prescription benefit management services to over 2,000 health plans, including corporations, managed care organizations, insurance companies, unions and government entities.
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