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CVS Caremark names executive VP/general counsel
Woonsocket, R.I. -- CVS Caremark said Monday it has named Thomas M. Moriarty as executive VP and general counsel for the company.
Moriarty most recently served as general counsel at the Celgene Corp., a biopharmaceutical company.
Moriarty succeeds Douglas Sgarro who retired in May after more than 14 years with the company. -
Lowe's withdraws bid to buy Rona; remains committed to Canadian growth
Morrisville, N.C. -- Lowe’s Cos. Inc. said Monday it has withdrawn its bid to purchase Canadian home-improvement retailer Rona Inc.
The $1.86 billion unsolicited acquisition proposal had earlier been rejected by Quebec-based Rona, which said the offer was not the best deal for its shareholders. The proposal generated discord among Rona’s dealer companies, many of whom threatened to sever their ties with Rona should Lowe’s succeed in its acquisition attempt.