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Express Scripts asks judge for another delay to Caremark vote


Nashville, Tenn. – St. Louis-based Express Scripts, one of the nation's largest pharmacy benefits managers, is asking a judge to delay for a third time a vote by Caremark RX shareholders on the company's proposed acquisition by drugstore company CVS Corporation.

In the letter filed Wednesday with Chancellor William Chandler, Express Scripts says Caremark hasn't fully complied with the judge's ruling requiring additional disclosures to shareholders about the CVS merger.

Express Scripts, which is pursuing a hostile bid for its rival, asked the judge to postpone the Caremark shareholders' vote until at least 20 days after the company makes the disclosures. It also asked the judge to reconsider his earlier ruling in the case and halt the Caremark/CVS deal.