Price of stock when CVS merges with Caremark
By virtue of the Caremark Merger, each issued and outstanding share of Caremark common stock, par value $0.001 per share, of Caremark was converted into the right to receive 1.67 shares of our common stock, par value $0.01 per share. By virtue of the Caremark Merger, each issued and outstanding share of common stock, par value $0.001 per share, of Caremark was converted into the right to receive 1.67 shares of our common stock, par value $0.01 per share. By virtue of the Caremark Merger, each issued and outstanding share of Caremark common stock, par value $0.001 per share, of Caremark was converted into the right to receive 1.67 shares of our common stock, par value $0.01 per share. Cash was paid in lieu of fractional shares. Caremark CMX, +20.00% and CVS agreed last November to combine in a merger of equals that would give Caremark shareholders 1.67 shares of CVS stock for each share of Caremark they own. The new entity is called CVS/Caremark Corp. Effective today, trading will cease in Caremark Rx. The new company will trade under the symbol CVS. The company says that in about five days, it will begin a cash tender offer for 150 million (approximately 10%) of its outstanding shares at a fixed price of $35 per share. CVS Corporation was incorporated in Delaware on August 22, 1996. It became a public company following a merger with Melville Corporation on November 20, 1996. On March 22, 2007, following its merger of equals with Caremark Rx, Inc., the Company’s name was changed to CVS Caremark Corporation. Immediately following the Caremark Merger, we changed our name to CVS/Caremark Corporation.. By virtue of the Caremark Merger, each issued and outstanding share of common stock, par value $0.001 per share, of Caremark was converted into the right to receive 1.67 shares of our common stock, par value $0.01 per share. On March 22, 2007, Caremark Rx, Inc. (NYSE:CMX) merged with a subsidiary of CVS Corporation (NYSE:CVS). Caremark shareholders received 1.67 shares of CVS Health Corporation (NYSE:CVS), for every share of Caremark owned, with any fractional shares paid in cash. Express Scripts issued a hostile bid of $26 billion in cash and stock a month later. To compete, CVS added a special cash dividend that has climbed to $7.50 a share, payable to Caremark shareholders after the buyout closes. The bidding began in November, when CVS offered $21.2 billion in stock for Caremark. Express Scripts issued a hostile bid of $26 billion in cash and stock a month later.
 $0.01 per share