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Pershing Real Estate Search Resource News

CtW Investment Group Believes Longs RE Undervalued - Calls for Greater Disclosure (PR Newswire via Yahoo! Finance)

The CtW Investment Group sent the following letter today to Longs Drug Stores Corporation Governance and Nominating Committee chairperson Dr. Mary S. Metz in response to the news that Longs entered into a previously undisclosed agreement with CVS/Caremark not to reveal the value of its real estate portfolio.

09/03/2008

Longs executive says buyout likely to get OK (Honolulu Star-Bulletin)

At an investor conference yesterday, CVS Caremark Corp. Chief Executive Tom Ryan said he believes a $2.7 billion deal to buy Longs Drugs Stores Corp. will get the necessary two-thirds shareholder approval.

09/05/2008

Walgreen lost to CVS in Longs bidding (Crain's Chicago Business)

(Reuters) — Longs Drug Stores Corp. on Monday recommended its shareholders accept a $2.54-billion takeover offer from CVS Caremark Corp., while a source familiar with the situation said the Western pharmacy chain had held unsuccessful merger talks with Walgreen Co. Longs urged stockholders on ...

08/18/2008

CVS to acquire Longs Drug for $2.9 billion (Market Watch)

CVS Caremark Corp. will acquire smaller rival Longs Drug Stores Corp. for $2.9 billion, widening its footprint in the western U.S. and bolstering its roster of prescription drug memberships.

08/12/2008

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