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AdvancePCS Holders OK Caremark Deal

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NU Online News Service, March 22, 2004, 4:22 p.m. EST – AdvancePCS Inc., Irving, Texas, says its shareholders have voted to approve efforts by Caremark Rx Inc., Birmingham, Ala., to acquire AdvancePCS for about $5 billion in Caremark stock and about $500 million in cash.[@@]

Both companies act as pharmacy benefit managers and also sell other health care services.

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Caremark announced the AdvancePCS deal in September 2003.