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CVS Caremark announces final results of tender offers

BY Antoinette Alexander

WOONSOCKET, R.I. — CVS Caremark has announced the final results of its previously announced cash tender offers commenced on Nov. 26, 2012 of its 6.6% senior notes due 2019 and up to a maximum amount of its 6.125% senior notes due 2016 and 5.75% senior notes due 2017.

The offers expired on Dec. 21, 2012. An aggregate principal amount of about $1.74 billion of notes was tendered.
 
As previously announced by CVS Caremark, the company will accept for purchase maximum tender offer notes such that the aggregate principal amount of the maximum tender offer notes tendered and accepted for purchase is up to $1.325 billion less the aggregate principal amount of the any and all notes tendered and accepted for purchase.

 
 

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Happy New Year!

BY DSN STAFF

On behalf of the editors and publishers of Drug Store News, Happy New Year to all! Drug Store News is closed for New Year’s Eve and Day. The website and DSN A.M. enewsletter will resume publishing on Jan. 2.

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Rite Aid donates toys to children’s charity

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid is donating 80,000 toys to a charity for children affected by poverty and tragedy, emphasizing those affected by Hurricane Sandy, the retailer said Friday.

Rite Aid announced the donation of coloring books, stuffed animals and activity workbooks to Kids In Distressed Situations.

"One of Rite Aid’s core values is to be a caring neighbor, involved in our communities in meaningful ways," Rite Aid COO Ken Martindale said. "We know that for many families affected by Hurricane Sandy, this holiday season will be unlike any other as they continue to rebuild. We’re hoping our donation helps make the holidays just a little bit brighter for the families and children in New Jersey, New York and beyond."

Rite Aid employees appeared as Santa and elves this week to distribute the toys at a special children’s holiday party sponsored by the Staten Island Council on Child Abuse and Neglect at the Family Resource Center of the Jewish Board for Children and Families.

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