NEW YORK (Standard&Poor's) Jan. 17, 2007--Standard&Poor's Ratings Services said today its long-term ratings on Woonsocket, R.I.-based CVS Corp., including the 'BBB+' corporate credit rating, will remain on CreditWatch with positive implications, following CVS and Caremark's announcement that they have enhanced the value of their proposed merger. Under the revised terms, Caremark's shareholders will receive a special one-time cash dividend of $2 per share (about $850 million). In addition, the combined company will repurchase 150 million common shares (about $4.8 billion). The share repurchase will be funded with debt. The original terms of the CVS/Caremark merger agreement remain unchanged. Caremark shareholders will receive 1.67 shares of CVS/Caremark stock for each share of Caremark. "We continue to believe
