LDG: Longs Drug Stores Merger News and Arbitrage Profit - MergerInvesting.com

2008-12-02 06:12:16
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Listed Closing Values do not include regular dividends.

Symbol Announced Date Closing Value Last Price Closing Date Profit Annualized Profit
LDG 2008-08-12 $71.50 $71.51 2008-10-30 -0.01 % 0.00 %

Additional Information
If the merger is completed, Longs Drug Stores shareholders will receive $71.50 per share in cash.

Longs Drug Stores Merger News:

DateUpdate
2008-08-12 CVS to acquire Longs Drug (at FT.com)
2008-08-16 Pershing hires Blackstone to boost Longs price- WSJ (at Reuters)
2008-08-16 [$$] Charting The Market (at Barrons Online)
2008-08-18 Longs Drug Stores Corporation Declares Cash Dividend on Common Shares (PR Newswire)
2008-08-18 UPDATE - Longs recommends CVS bid after other merger talks (at Reuters)
2008-08-20 Longs Drug shareholders question value of CVS bid (at MarketWatch)
2008-08-21 Shareholder aims to thwart Longs-CVS deal -NY Post (at Reuters)
2008-09-02 Longs Drug to give shareholders closer look at CVS deal (at MarketWatch)
2008-09-03 Longs shops likely undervalued by CVS deal -- CtW (at Reuters)
2008-09-04 CVS chief expects Longs shareholders to accept $2.9B purchase price (at bizjournals.com)
2008-09-08 CVS clears antitrust hurdle for Longs Drugs acquisition (at bizjournals.com)
2008-09-10 Longs Drug Stores agrees to settle suits over CVS deal (at bizjournals.com)
2008-09-11 Hedge fund wont back CVS-Longs deal, seeks other bids (at MarketWatch)
2008-09-12 RiskMetrics advises clients against CVS bid for Longs Drug (at MarketWatch)
2008-09-12 CVS CEO Clarifies Misconceptions in Longs Deal (at CNBC)
2008-09-12 UPDATE - Longs top investor says wont sell shares to CVS (at Reuters)
2008-09-12 Longs shareholder:Buyers other than CVS interested (AP)
2008-09-12 Walgreen offers to buy Longs for $3 bln including debt (Reuters)
2008-09-15 CVS says it standing by its offer for Longs (AP)
2008-09-15 Street appears to expect more bids for Longs Drug (AP)
2008-09-16 UPDATE - Investment group urges Longs to hold auction (at Reuters)
2008-09-17 Walgreen says it will continue Longs buyout effort (AP)
2008-09-17 UPDATE - Longs says wont hold deal talks with Walgreen (at Reuters)
2008-09-22 UPDATE - Walgreen may launch hostile offer for Longs (at Reuters)
2008-09-23 Longs Drug Stores re-rejects Walgreen offer (at bizjournals.com)
2008-09-25 CVS calls FTC probe of Walgreens bid for Longs unusual (at MarketWatch)
2008-09-25 FTC requests more information on Walgreen, Longs (AP)
2008-09-29 Longs Drug Stores math on Walgreen bid challenged (at bizjournals.com)
2008-10-03 CVS Caremark Cites Numerous Inaccuracies in Antitrust Memo Submitted to Longs Board (Business Wire)
2008-10-08 Walgreen withdraws offer to acquire Longs Drug (AP)
2008-10-10 CVS-Longs Drug deal edges closer to finish line (at MarketWatch)
2008-10-13 Standard Poors Announces Change to U.S. Index (PR Newswire)
2008-10-14 CVS Caremark Reminds Longs Drug Stores Stockholders to Tender before October 15 Deadline (Business Wire)
2008-10-16 CVS Caremark Extends Tender Offer for Longs Drug Stores Shares by One Day (Business Wire)
2008-10-17 CVS deal for Longs Drug could close Monday (at bizjournals.com)
2008-10-17 CVS again extends tender offer for Longs by one day (at MarketWatch)
2008-10-19 Frozen credit, market turmoil put mergers on ice (AP)
2008-10-20 CVS: Tender for Longs Drug successful, deal to close soon (at MarketWatch)
2008-10-29 CVS says tender offer for Longs is complete (AP)
2008-10-30 CVS Caremark to close Longs Drug deal (at bizjournals.com)


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