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Caremark ordered to delay shareholder vote

sltrib.com » 2007 » February » 14th » Caremark ordered to delay shareholder vote

Tagged: business

A Delaware judge ordered Caremark Rx Inc. to delay a shareholder vote on a proposed acquisition by CVS Corp. just hours after the drugstore operator heated up the bidding Tuesday by tripling the special cash dividend it proposes to pay. Caremark shareholders were initially scheduled to meet Feb. 20, but the vote was delayed until March 9 in an order signed by Chancellor William B. Chandler III Continue Reading »


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