Express Scripts sweetens offer for Caremark

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Express Scripts announced an enhancement of its offer to acquire Caremark Rx. The Express Scripts offer is to acquire all outstanding shares of Caremark for $29.25 in cash and 0.426 shares of Express Scripts stock for each share of Caremark stock. The company will now pay an additional cash consideration of approximately 6% per annum on the $29.25 cash portion of Express Scripts' offer.

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