CVS Corporation Announces Expiration of Hart-Scott-Rodino Waiting Period For Osco/Sav-on Acquisition
WOONSOCKET, R.I.--(BUSINESS WIRE)--March 14, 2006--CVS Corporation (NYSE: CVS) announced today that the waiting period under the Hart-Scott-Rodino Act (the "HSR Waiting Period") applicable to the pending sale by Albertson's, Inc. to CVS of approximately 700 stand-alone Osco and Sav-on drugstores and certain related real estate assets has expired. The HSR Waiting Period expired without a request for additional information from the federal antitrust authorities.
The HSR waiting period also expired for Albertsons' proposed transaction with Supervalu, and a consortium led by Cerberus Capital, thereby satisfying a closing condition of the transaction. The transaction remains subject to approval by the shareholders of Albertson's and Supervalu as well as other customary closing conditions, and is expected to close in mid 2006.