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  • Jun. 15, 2015, 7:15 AM
    • CVS Health (NYSE:CVS) acquires the pharmacy and clinic business of Target (NYSE:TGT) for $1.9B.
    • The deal will cover more than 1.6K locations spread across 47 different U.S. states.
    • The pharmacies will continue to operate within Target stores rebranded under the CVS format.
    • The agreement also calls for Target and CVS to partner on ten new small-format stores.
    • Target sees extra traffic resulting from the strategic agreement with CVS, while the expansion falls under a plan to CVS to grow its store base.
    | Jun. 15, 2015, 7:15 AM | 19 Comments
  • Jul. 15, 2013, 7:19 AM

    Loblaw's (LBLCF.PK) C$12.4B ($11.93B) acquisition of Shoppers Drug Mart (SHDMF.PK) will create a company that generates over C$42B a year and comes amid increasing competition from Target (TGT) and Wal-Mart (WMT). "With scale and capability, we will be able to accelerate our momentum and strengthen our position in the increasingly competitive marketplace," says Loblaw Executive Chairman Galen Weston. (PR)

    | Jul. 15, 2013, 7:19 AM
  • May 15, 2013, 11:05 AM

    Privately-owned Bellisio Foods acquires Overhills Farms (OFI +13.8%) for $5.00 a share in a $80.9M deal slated to close during FQ4. The marriage of the two companies could have an interesting read-through to Target (TGT +0.7%) which is a major customer of Overhill Farms, and in theory, could easily boost its selection of food items after the merger finalizes.

    | May 15, 2013, 11:05 AM
  • Mar. 13, 2013, 4:20 PM

    Target (TGT) completes the $5.7B sale of its U.S. Visa and private-label card portfolio to TD Bank Group (TD). The agreement includes a seven-year deal for TD to be the exclusive issuer of Target-branded Visa and private label consumer credit cards to TGT's U.S. customers.

    | Mar. 13, 2013, 4:20 PM