Wednesday, August 13, 2008

CVS To Buy Longs Drugs--LPGA Repercussions?

Yahoo! News is reporting that CVS will buy Longs Drugs, the CA-based chain that has sponsored an LPGA event since 1997, I believe. Wonder if this will mean the end of the tournament or the end of its piddling purses? I can't wait to see how Ryan Ballengee at the GNN Blog and Hound Dog respond to the news!

[Update 1 (5:43 pm): As promised in comments, Ryan responds.]

1 comment:

Ryan Ballengee said...

CVS bought Longs at a 32% premium on the stock's close yesterday. They REALLY wanted Longs. But, I will take my cue and respond on my blog :)