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Updated from 2:24 p.m. EST
Shares across the pharmacy sector plunged Wednesday after CVS (CVS Quote) confirmed plans to buy Caremark (CMX Quote).
The transaction, which the companies called a merger of equals, calls for Caremark holders to get 1.67 CVS shares for each Caremark share held. The deal values Caremark shares just north of $48.50 apiece. ...
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