Walgreens (NYSE:WAG)(NASDAQ:WAG) today withdrew its proposal to acquire all of the outstanding shares of Longs Drug Stores Corp. (NYSE: LDG) for $75 per share in cash. The offer was originally proposed on Sept. 12, 2008, and declined by the board of directors of Longs in favor of the proposed acquisition by CVS/Caremark Corp. (NYSE: CVS) announced on Aug. 12.
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