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CVS Angles for Longs' Real Estate Bounty
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OKLAHOMA CITY -- CVS (CVS Quote) knows how to strike - and win -- a deal.
Granted, in its current quest for Longs Drug Stores (LDG Quote), CVS now faces some pesky competition from rival Walgreen (WAG Quote), which offered $75 a share for Longs just three days before CVS's own $71.50-a-share tender offer was set to expire.
Unable to win enough support for its lower bid - and unwilling, for now, to raise it any higher - CVS has given Longs shareholders another month to make up their minds. ...
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