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Nov 2
CVS and Caremark Stock Take a Hit
News of the acquistion of Caremark Rx Inc. (CMX) by CVS Corp. (CVS), for $20.8 billion, doesn't seem to have made the impression on Wall Street that was planned.

The merger was thought to help these two equals take better advantage of upheavals in the prescription drug business but competitors, such as Walgreen Co. (WAG) and MedcoHealth Solutions Inc. (MHS) and ExpressScripts,  who might have thought of similar deals are cautious as both companies' stocks were down.

The companies say that together they can provide convenient drug dispensing and various patient consulting services that will help employers guide their workers toward healthier and less expensive choices and practices, as reported in the NYTimes.com.

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