Moosy'a Affirms CVS Health's (CVS) 'Baa1' Senior Unsecured Rating Amid Target (TGT) Asset Deal

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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