Thoughts on lawyers, dealmaking, M&A and other quirks of corporate life.
Saturday, March 10, 2007
I haven't posted on this in a while, largely because it finally has become the competitive process it should have been from the beginning. Caremark's management had to be dragged into this, but the net result is likely to be a much better deal - with the same suitor, CVS - than the company would have gotten had management had its way. Sometimes you win in spite of yourself.