CVS Caremark To Acquire Longs Drug Stores for $2.9B
On Tuesday, Longs Drug Stores announced that it will be sold to CVS Caremark for $2.9 billion. Longs Drug Stores has 521 stores and 22,000 employees in California, Hawaii, Nevada and Arizona.
- "Longs Drug Stores Approves Sale to CVS" (DeBare, San Francisco Chronicle, 8/13).
- "CVS Chain To Buy Longs Drugs Stores" (Ortiz, Sacramento Bee, 8/13).