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This excerpt taken from the CVS 8-K filed Nov 2, 2006. Substantial Benefits to Stockholders The stock-for-stock transaction offers significant benefits for shareholders by combining two financially strong leaders in their respective industries. Substantial operating synergies of approximately $400 million are expected to be realized through increased purchasing scale and operating efficiencies. The companies expect the combination to be accretive in the first full year after close. The combined company is expected to be a powerful cash flow generator, which will fuel the long-term growth of CVS/Caremark. This excerpt taken from the CVS DEFA14A filed Nov 2, 2006. Substantial Benefits to Stockholders The stock-for-stock transaction offers significant benefits for shareholders by combining two financially strong leaders in their respective industries. Substantial operating synergies of approximately $400 million are expected to be realized through increased purchasing scale and operating efficiencies. The companies expect the combination to be accretive in the first full year after close. The combined company is expected to be a powerful cash flow generator, which will fuel the long-term growth of CVS/Caremark. | EXCERPTS ON THIS PAGE:
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