CVS Pharm. Buys Longs Drugs

August 13, 2008 2:06:14 PM PDT
A popular drug store chain here in the Valley has been bought by their East Coast rival.Longs Drugs has been sold to CVS Pharmacies for more than $2.9-billion dollars.

The purchase of Longs will expand the presence of CVS here in California and the Valley.

Longs Drugs operates 30 stores here in the valley. That's in addition to 500 other stores around the West Coast.

For comparison, CVS operates more than 6,000 stores. Expect the Longs Drugs name to disappear from stores sometime next year.


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