Deals wrap: CVS’s $1.25 billion deal

December 31, 2010

A pedestrian walks past a CVS store in downtown Washington, February 8, 2010. REUTERS/Stelios VariasDrugstore chain CVS Caremark agreed to buy Universal American’s Medicare prescription drug business for about $1.25 billion, doubling the size of CVS Caremark’s business that provides prescription drug coverage under the U.S. government’s Medicare Part D program.

Miner BHP Billiton’s acquisition strategy was back in the spotlight as market talk resurfaced it was looking at a $40 billion-plus bid for Anadarko Petroleum, although banking sources said they were unaware of any imminent offer.

Silicon Valley could see a modest return to the IPO market of prerecession days, writes NYT’s Evelyn M. Rusli.

VentureBeat’s Iris Kuo takes a look at green technologies worth watching in 2011.

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