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CVS Caremark announces expiration of tender offer

BY Antoinette Alexander

WOONSOCKET, R.I. — CVS Caremark has announced the expiration and final results of its previously announced tender offer for any and all of its $1 billion outstanding 6.302% enhanced capital advantaged preferred securities.

The tender offer commenced on Nov. 29 and expired on Dec. 7.  Based on the final tabulation provided by the information agent for the tender offer, D.F. King & Co., holders of the notes tendered $957.7 million aggregate principal amount of the notes on or prior to the expiration date.

The settlement date for notes validly tendered on or prior to the expiration date is expected to be Dec. 8. In addition to the total consideration, holders of notes accepted for purchase will receive accrued and unpaid interest on those notes from the last interest payment date with respect to the notes to, but not including, the settlement date.

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Mars Petcare partners with Rescue Bank

BY Allison Cerra

NASHVILLE — Mars announced that its pet care business has partnered with Rescue Bank to to enable more efficient delivery of pet food donations to animal shelters and rescues.

Mars Petcare, including Mars Petcare US, The Nutro Co. and Royal Canin, have teamed up with Rescue Bank, which "helps provide a reliable means for distributing wholesome, nutritious pet food that is approaching its “best by” date, benefiting both the manufacturers and nonprofit groups caring for pets in need."

“Rescue Bank is doing for pets what the food bank network has successfully done for people in this country for more than 40 years,” Mars Petcare US VP corporate affairs Debra Fair said. “This partnership is the perfect way to give much needed support to the shelter and rescue communities and change the lives of homeless pets everywhere.”

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‘It’s beginning to look a lot like …’

BY Michael Johnsen

PALMYRA, Pa. — ‘Tis the season! That’s the spirit behind Implus Footcare with the merchandising of a product that makes you want to hum, "It’s beginning to look a lot like …" at this Walmart in central Pennsylvania. Going for that stocking stuffer appeal, the product placement certainly catches the eye in a set that showcases more blue, orange and purple than red and green.

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