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CalNaturale offers Svelte in smaller size

BY Allison Cerra

LATHROP, Calif. — CalNaturale announced a new size for its Svelte on-the-go protein shake.

The new 11.2-oz. size of the nondairy, gluten-free beverage initially is available in three flavors — chocolate, french vanilla and cappuccino — and mirrors its 15.9-oz. counterpart in design and availability in recyclable Tetra-Pak containers. The 11-oz. Svelte has 180 calories while still delivering 5 g of fiber, 11 g of protein from a fresh, organic soymilk base, and only 6g of sugar.

"While our consumers love the delicious taste and exceptional nutritional benefits of Svelte, a growing number of consumers were seeking organic alternatives as well as options that deliver fewer calories—which was the driving force in our decision to offer Svelte in this smaller size," CalNaturale founder and president Pat Mitchell said. "Health-minded individuals now have an opportunity to enjoy Svelte as a more convenient, reduced size that is also certified organic, perfect for in-between meals and while on the go."

Svelte is available at select natural food stores, grocers and drug stores nationwide. The new 11-oz. and the 15.9-oz. containers have suggested prices of $2.29 and $2.99, respectively.

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CVS Caremark announces new share repurchase program, quarterly dividend

BY Antoinette Alexander

WOONSOCKET, R.I. — CVS Caremark announced that its board of directors has approved a new share repurchase program for up to $6 billion of the company’s outstanding common stock.
 
The share repurchase authorization, which is effective immediately, permits the company to effect the repurchases from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions, and/or other derivative transactions.

The company also stated that this new share repurchase program is expected to be completed over a multiyear period. CVS Caremark intends to provide 2013 guidance and to outline its capital allocation strategy during its upcoming Analyst Day, to be held on Dec. 13. At that time, the company will provide its assumption for the amount of share repurchases expected to be completed during 2013.

"We’re very pleased with the board’s decision to approve this new share repurchase program and believe it reflects their confidence in CVS Caremark’s growth outlook as well as an ongoing commitment to create shareholder value. We have a highly disciplined approach to capital allocation and we are committed to using our strong free cash flow to fund investments that drive returns in addition to dividends and value-enhancing share repurchases,” stated Dave Denton, EVP and CFO of CVS Caremark.

CVS Caremark also announced that its board has approved a quarterly dividend of 16.25 cents per share on the common stock of the corporation, payable Nov. 2 to holders of record on Oct. 22.

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Marsh encourages customers to clean out medicine cabinets

BY Allison Cerra

INDIANAPOLIS — Marsh Supermarkets is inviting customers to properly dispose of their unused, unwanted and/or expired medications.

From Sept. 21 to 24, Marsh pharmacies will collect and qualify unwanted medications for free disposal. Pills, capsules and liquids are accepted for disposal, and the medicine must be in original container with original label intact, Marsh said.

The takeback program is brought in partnership with such private and public organizations as Indiana University Health, the Indiana Department of Environmental Management, Indiana Poison Center, Indiana Association for Home and Hospice Care, packaging company Rexam and solutions firm Inmar. Marsh also noted that the program is for individuals only, and that nothing will be accepted from health centers, clinics, doctor’s offices or other organizations.


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