CVS Corporation Announces Launch of Exchange Offer for its 5 1/2% Notes.WOONSOCKET, R.I.--(BUSINESS WIRE)--Nov. 24, 1999-- CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corporation (NYSE NYSE See: New York Stock Exchange :CVS) announced that, on November 22, 1999, it launched an offer to exchange all of its existing 5 1/2% Notes due 2004 for new 5 1/2% Exchange Notes due 2004. The exchange offer will expire at 5:00 p.m. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of time) on December 22, 1999, unless extended. The Exchange Notes are identical in all material respects to the existing Notes, except that the Exchange Notes have been registered with the Securities and Exchange Commission and are not subject to transfer restrictions and registration rights relating to the existing Notes. CVS sold the existing Notes to institutional investors in a private placement that was exempt from registration under the Securities Act. In connection with that sale, CVS agreed to file a registration statement with the SEC with respect to this exchange offer. After a review of the registration statement and the Company's periodic reports previously filed with the SEC, including the Company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and its historical financial statements, the SEC declared the registration statement effective on November 19, 1999. This press release is not an offer to exchange new notes for existing notes, which we are making only through a prospectus. Copies of the prospectus and related documents may be obtained from the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , as exchange agent, 101 Barclay Street, New York, New York 10286, attention: Jennifer Pedi. CVS/pharmacy is the nation's largest retail provider of prescriptions. The Company is the #1 drugstore chain in the U.S. with approximately 4,100 stores in the Northeast, Mid-Atlantic, Southeast and Midwest regions of the country. General information about CVS, including corporate background and press releases, is available at CVS' web site at http://www.cvs.com. |
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