Target (TGT) Enters Purchase Agreement with CVS Health; Piper Jaffray Reiterates Overweight

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Go back to Target (TGT) Enters Purchase Agreement with CVS Health; Piper Jaffray Reiterates Overweight

CVS Health and Target Sign Agreement for CVS Health to Acquire, Rebrand and Operate Target's Pharmacies and Clinics

June 15, 2015 7:00 AM EDT

WOONSOCKET, R.I. and MINNEAPOLIS, June 15, 2015 /PRNewswire/ -- CVS Health Corporation (NYSE: CVS) and Target Corporation (NYSE: TGT) announced today that they have entered into a definitive agreement for CVS Health to acquire Target's pharmacy and clinic businesses for approximately $1.9 billion. Through this agreement, CVS Health will acquire Target's more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format, branded as CVS/pharmacy. In addition, a CVS/pharmacy will be included in all new Target stores that offer pharmacy services. Target's nearly... More

Target Announces Voting Results from 2015 Annual Meeting of Shareholders

June 12, 2015 3:00 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Target Corporation (NYSE: TGT) today announced voting results from its 2015 Annual Meeting of Shareholders. Shareholders elected 10 members of the board of directors, ratified the appointment of Targets independent registered public accounting firm, approved the Say on Pay management proposal, approved the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan and rejected two shareholder proposals.

The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held June 10. The final... More