longs drug stores corporation

• CVS Caremark Corporation (NYSE: CVS) has extended the expiration for its tender offer to purchase all of the outstanding common stock of Longs Drug Stores Corporation (NYSE: LDG), at a price of $71.50 per share in cash, until 9:00 p.m., New York City time, on Thursday, October 16, 2008.
  
  All other terms and conditions of the tender offer remain unchanged.

StreetInsider.com Top 10 News Items of the Week August 11 - August 15. This is a recap of this week's major news on Wall Street. 1.

Oil continued to show weakness and other commodities, including precious metals, sold off aggressivly. Fears of a global slowdown and strength in the U.S. dollar contributed to the moves. 2.

CVS Caremark Corporation (NYSE: CVS) agreed to acquire Longs Drug Stores Corporation (NYSE: LDG) for $71.50 per share in cash. 3.

On Wednesday, Deere (NYSE: DE) reported weaker than expected Q3 results and gave a cautious outlook, citing escalating raw material costs. 4.

On

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• CVS Caremark Corporation (NYSE: CVS) and Longs Drug Stores Corporation (NYSE: LDG) entered into a definitive agreement under which CVS Caremark will acquire Longs for $71.50 per share in cash for a total purchase price of $2.9 billion including the assumption of net debt.