Longs Drugs
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| Fate | Acquired by CVS Health in 2008; name retained on stores operating in Hawaii |
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| Founded | 1938 |
| Headquarters | Woonsocket, Rhode Island (home of parent company CVS Health) |
| Products | Pharmacy, Cosmetics, Health and Beauty Aids, General Merchandise, Snacks, 1 Hour Photo |
Longs Drugs is an American chain with approximately 40 drug stores throughout the state of Hawaii.
Before being acquired by CVS Health in 2008, it was a chain of over 500 stores, located primarily on the West Coast of the United States. Besides Hawaii, it had stores located in California, Nevada, Arizona, Alaska, Colorado, Oregon, and Washington, and was headquartered in Walnut Creek, California.
The first store owned by the Long family was in Covelo, California.
On August 12, 2008, Longs Drugs announced that they were being acquired by CVS Health, the operator of the national CVS/pharmacy chain of drugstores. CVS bought the 521 Longs locations to expand its presence on the West Coast, primarily in California. The acquisition also included access to the Hawaii market. CVS made its first major entry into California with its 2006 acquisition of Southern California-based Sav-On Drugs. CVS Health paid a total of US$2.54 billion to acquire all outstanding shares of Longs Drugs, and hopes to save upwards of $100 million in 2009 and $140–$150 million in 2010 in expenses from synergies attained from the business combination. On September 12, 2008 the Walgreen Co. stepped in with an offer representing a $3.50 per share premium over the cash purchase price offered by CVS. However, Walgreens dropped their offer on October 8, allowing CVS' deal to progress. On October 29, CVS had secured 78.07% of Longs shares, and Longs was merged into CVS the next day on October 30.
Although a California-based company, Longs had maintained stores in Hawaii long enough to become a local establishment. Its first Hawaii store, in downtown Honolulu, opened March 29, 1954. In 2005, Honolulu Advertiser columnist Lee Cataluna published a short-story collection, Folks You Meet in Longs, and Other Stories. It is based on Cataluna's eponymous play which premiered August 2003 at Kumu Kahua Theater.
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