Judge won't halt CVS-Caremark deal
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WILMINGTON, Del. -- A Delaware judge yesterday refused to invalidate a $675 million breakup fee aimed at protecting the proposed acquisition of pharmacy benefits manager Caremark Rx Inc. by drugstore giant CVS Corp.
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The federal court judge overseeing a criminal tax fraud case against 16 former executives at KPMG said he will not dismiss charges until he learns how the defendants were allegedly harmed by illegal government conduct.
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After a long-disputed battle with Apotex, a U.S. judge sided with the New York-based pharmaceutical company.
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Proxy advisory firm Glass Lewis said on Friday it recommended that shareholders of Caremark Rx Inc.  reject the planned $24 billion takeover by drug-store chain CVS Corp.
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A federal judge on Monday refused to dismiss a lawsuit accusing a Canadian mining company of polluting the Columbia River with heavy metals for decades.
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WASHINGTON - The U.S. Department of Justice (DOJ) will not appeal a ruling by a California judge that would allow Oracle Corp.'s proposed hostile takeover of competing software vendor PeopleSoft Inc.
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Caremark Rx Inc.  said on  Thursday its board supported a sweetened $23.5 billion takeover  bid from CVS Corp.  and rebuffed a hostile $26.9 billion  offer from rival Express Scripts Inc.
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The head of the Federal Trade Commission said Friday that she would not remove herself from an antitrust review of Googleâs purchase of the online advertising company DoubleClick.
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CVS Corp.  sweetened its $23.9 billion takeover bid for Caremark Rx Inc.  on Thursday with an increased dividend, calling its newest proposal its "best and final" offer for the pharmacy-benefits manager.
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NASHVILLE -- CVS Corp. boosted its offer for Caremark Rx Inc. for a third time yesterday, just a day after rival bidder Express Scripts Inc. raised its offer.
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The new offer of $25.7 billion came just hours before a judge made a surprise ruling that will force Caremark to postpone its shareholder vote on the CVS deal.
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CVS Corp.  and Caremark Rx Inc.  said on Tuesday they had sweetened their merger deal, raising the proposed special cash dividend for Caremark stockholders to $6 per share from $2.
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Student lender Sallie Mae  said  on Wednesday the consortium that agreed to buy it for $25  billion does not expect to close the acquisition under the  terms of the merger agreement.
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The U.S. FTC said it will not block Google's acquisition of DoubleClick, concluding that the deal "is unlikely to substantially lessen competition."
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CVS Corp.  sweetened its bid for Caremark Rx Inc.  on Tuesday by tripling a proposed special cash dividend for the pharmacy benefit manager's stockholders to $6 per share, after two proxy advisory firms urged them to reject the previous offer.
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Express Scripts Inc.   sweetened its bid for Caremark Rx Inc.  on Wednesday  after suffering two setbacks in its battle to wrest the rival  pharmacy-benefit manager away from a $22.8 billion deal with  CVS Corp.
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The judge overseeing a faltering criminal tax shelter case indicated that he might not dismiss charges against indicted defendants from the accounting firm KPMG.