Friday, October 31, 2008

Longs Drug Store Buyout This Thursday. Really.

By Chris Thompson
Fri, Oct 31, 2008 at 5:22 AM

This time for sure! After fending off a rival bid from Walgreen, the East Coast pharmaceutical chain CVS Caremark plans to complete the acquisition of Walnut Creek-based Long Drug Stores this Thursday. According to the San Francisco Business Times, the chain posted some pretty sweet quarterly numbers for a recession, reporting $736 million in profit, up from $689 million the previous year.

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