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Report: CVS Caremark on the hunt for Brazilian drugstore chain

  • 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.
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