cvs health corp (CVS) Key Developments
Four Firms Interested in Cruz Verde
Apr 13 15
KKR & Co. L.P. (NYSE:KKR), The Carlyle Group LP (NasdaqGS:CG), CVS Health Corporation (NYSE:CVS) and Fomento Económico Mexicano, S.A.B de C.V (BMV:FEMSA UBD) are reportedly interested in Farmacias CruzVerde S.A. Their final offers will be received in late April 2015. The sale process is being handled by JPMorgan. The owners may decide not to sell 100% of the business.
CVS Health Corporation Provides Earnings Guidance for the 2015
Mar 10 15
CVS Health Corporation provided earnings guidance for the 2015. For the year, the company expects to deliver adjusted earnings per share in the range of $5.05 to $5.19 a share, up 12.5% to 15.6%. And The company expects to deliver free cash flow in the range of $5.9 billion to $6.2 billion.
CVS Health Corporation Elects Alecia A. DeCoudreaux to Serve on the Board
Mar 6 15
Effective March 5, 2015, the board of directors of CVS Health Corporation elected Alecia A. DeCoudreaux to serve on the Board. Ms. DeCoudreaux has been President of Mills College. Previously, Ms. DeCoudreaux served in a number of leadership roles at Eli Lilly and Company including as vice president and deputy general counsel, specialty legal team, from 2010-2011, vice president and general counsel, Lilly USA, from 2005-2009, and secretary and deputy general counsel of Eli Lilly from 1999-2005. During her 30-year career with Eli Lilly Ms. DeCoudreaux also previously served as an executive director of Lilly Research Laboratories, director of federal government relations, director of state government relations and director of community relations.
CVS Health Corporation Declares Quarterly Dividend, Payable on May 4, 2015
Mar 4 15
CVS Health Corporation announced that its board of directors has approved a quarterly dividend of $0.35 (35 cents) per share on the corporation's common stock. The dividend is payable on May 4, 2015, to holders of record on April 24, 2015.
Fred’s Reportedly To Pitch Sale To CVS
Feb 28 15
Fred's, Inc. (NasdaqGS:FRED) exploring a sale, has approached potential buyers including drugstores and private-equity firms as it seeks initial bids in about a month, people with knowledge of the matter said. Fred's contacted possible suitors including CVS Health Corporation (NYSE:CVS) and Dollar General Corporation (NYSE:DG) late last week, said one of the people, asking not to be identified because the process is private. Buyout firms including H.I.G. Capital, LLC also were contacted, two people said. Shares of Fred's rose 10.2% to $19.93.