Express Scripts' Bold Formula for Caremark

The company's $26 billion takeover offer is a big bet that the combo could realize significant cost savings

Express Scripts (ESRX) said Dec. 18 it is offering about $26 billion for Caremark Rx (CMX), throwing a wrench into the pharmacy benefit management company's merger agreement with CVS Corp. (CVS) announced in November.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.