CVS Delays Shareholder Meeting for Caremark Vote
Woonsocket, R.I., CVS Corp. announced late Tuesday that it would postpone its Feb. 23 shareholder meeting to an as-yet undetermined later date. The decision was made after the announced delay of Caremark Rx’s Feb. 20 shareholder meeting.
The delays are to allow further dissemination of information. “We look forward to completing our merger with Caremark in early March,” said Tom Ryan, chairman, president and CEO of CVS.
Walmex to Open 125 Stores This Year
Mexico City, Wal-Mart de Mexico, also known as Walmex, plans to open 125 new stores and restaurants this year, the company said on Tuesday.
Chairman and CEO Eduardo Solorzano told a conference call with investors that the new openings would include Wal-Mart superstores, Bodega Aurrera and VIPs restaurants.
Eddie Bauer Shareholders Reject Takeover Options
New York City, Shareholders of Eddie Bauer Holdings voted down the company’s takeover deal with two private equity firms, the outdoor clothing retailer said Thursday. Eddie Bauer said “an insufficient number of shareholders” were voted in favor of the proposed $286 million buyout by Sun Capital and Golden Gate Capital.
The company said it will evaluate its options and continue to operate as a public company.
As Eddie Bauer struggled to revamp merchandise and revive its brand name, the chain hired Goldman Sachs last May to explore the sale of the company. It agreed to a $9.25-a-share offer by the private equity firms in November.