CVS Health (CVS) to Acquire TGT Pharmacies for $1.9B; Cowen Reiterates Outperform

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Go back to CVS Health (CVS) to Acquire TGT Pharmacies for $1.9B; Cowen Reiterates Outperform

CVS Health and Target Sign Agreement for CVS Health to Acquire, Rebrand and Operate Target's Pharmacies and Clinics

June 15, 2015 7:00 AM EDT

WOONSOCKET, R.I. and MINNEAPOLIS, June 15, 2015 /PRNewswire/ -- CVS Health Corporation (NYSE: CVS) and Target Corporation (NYSE: TGT) announced today that they have entered into a definitive agreement for CVS Health to acquire Target's pharmacy and clinic businesses for approximately $1.9 billion. Through this agreement, CVS Health will acquire Target's more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format, branded as CVS/pharmacy. In addition, a CVS/pharmacy will be included in all new Target stores that offer pharmacy services. Target's nearly... More

CVS Health To Present At The Jefferies 2015 Global Consumer Conference

June 12, 2015 12:00 PM EDT

WOONSOCKET, R.I., June 12, 2015 /PRNewswire/ -- CVS Health Corporation (NYSE: CVS) today announced that Helena Foulkes, executive vice president and president of CVS/pharmacy, will be speaking to investors at the Jefferies 2015 Global Consumer Conference on June 23, 2015, at approximately 10:30 a.m. EDT.... More