Report: CVS Caremark on the hunt for Brazilian drugstore chain

|About: CVS Health Corporation (CVS)|By:, SA News Editor

CVS Caremark (CVS) is still in talks for a deal to acquire Brazil's Drogarias Pacheco São Paulo after its first bid of $2B was rejected, according to the WSJ.

DPSP reportedly wants a sale price of at least $2.2B.

An acquisition of DPSP would give CVS a quick entry into the Latin America drugstore market.