Business & Insurance Update
Still, he wonders whether the two companies will really suit each other in the end.
"We are surprised by this development and remain uncertain about the strategic rationale behind Caremark's willingness to sell," wrote Speller, who has a hold recommendation on Caremark's stock and whose firm has no business ties to the company. "We believe that a combined CVS/CMX would be a dominant force in pharmacy services that would be unmatched by its peers," he adds, "but we question whether the two companies can be successfully integrated."TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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