Caremark Shareholders Approve CVS Merger

NASHVILLE, Tenn. - Caremark Rx, Inc. reports its shareholders have approved the merger with CVS Corporation, based on a preliminary vote count by its proxy solicitor. A substantial majority of outstanding shares were cast in favor of the merger.

“We are gratified that Caremark shareholders have recognized the compelling strategic and financial benefits of this groundbreaking merger,” said Mac Crawford, Chairman, Chief Executive Officer and President. “Caremark and CVS now have an historic opportunity to define and lead the continuing evolution of the pharmaceutical services industry and build on both companies’ records of creating value for our shareholders and customers.”

The merger is expected to close shortly, subject to official certification of the voting results by the independent inspectors of election, IVS Associates, Inc.