Walgreen attempts to outbid CVS for Longs Drug Stores

Walgreen offered to buy Longs Drug Stores for $75 per share, topping CVS Caremark's proposal of $71.50 per share. Longs said it will review the new bid, even though its board backed CVS' offer. CVS CEO Tom Ryan said the company will not raise its price because the deal "has cleared all regulatory hurdles and provides certainty of completion to Longs shareholders."

View Full Article in:

Wall Street Journal (free content), The · Financial Times (free content)

Published in Brief:

SmartBrief Job Listings for Food & Beverage

Job Title Company Location
CULINARY ARTS PROGRAM DIRECTOR AND INSTRUCTOR
Nashville State Community College
Nashville, TN
Executive Chef
Newport Harbor Corporation
Newport, RI
Executive Sous Chef
The Cliffs
Salem, SC
Executive Chef
The French Goat
Lewisburg, WV
Culinary Buyer
The Culinary Institute of America - Greystone Campus
St. Helena, CA