Express Scripts claims Caremark overstated CVS merger savings

01/25/2007 | Forbes

Express Scripts, which had its $26 billion buyout offer for Caremark Rx rejected, sent a letter to the company's shareholders and the Securities and Exchange Commission on Wednesday claiming that Caremark overstated savings from a proposed merger with drug store chain CVS. Caremark shareholders are due to meet Feb. 20 to consider the CVS deal.

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