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BUSINESS
Massage therapy school awarded certificate
HUNTINGTON -- The I-N Touch School of Massage Therapy in Huntington has been awarded a Certificate of Good Standing by the State Medical Board of Ohio and the Board of Licensure for Massage Therapy from the Commonwealth of Kentucky.
To achieve this certification the school provides curriculum of 785 hours for instruction of prospective massage students, as a licensed school under the West Virginia Community and Technical College system.
The school also hosts an open house takes place from 5:30 to 8 p.m. Tuesday, Sept. 9, with new classes are forming for the fall. For more, call 304-523-1234 or visit www.ntouchschool.com.
Scotts LawnService adds new fall services
ASHLAND and CHARLESTON -- Scotts LawnService of Ashland and Charleston has added a new service of fall aerations and overseedings for residential lawns.
The services are done by trained and licensed professionals using premium Scotts Exclusive Thermal Blue seed, according to a news release. Scotts LawnService is a locally owned and operated company. For more information, call 1-888-8-SCOTTS or visit www.scottslawnservice.com.
Investors question price of CVS buyout of Longs
NEW YORK -- Wall Street was surprised when CVS Caremark Corp. offered $2.7 billion to buy Longs Drugs Stores Corp., but some Longs shareholders are saying they'll oppose the deal if Longs doesn't tell them more about the value of its real estate.
On Aug. 12, CVS Caremark agreed to pay $71.50 per share for Longs, gaining more than 500 stores and expanding its presence on the West Coast. CVS valued Longs' real estate at about $1 billion, citing the difficult real estate market in California, where most of Longs stores are located. But CtW Investment Group said that price is too low, by as much as $260 million, and two major Longs shareholders say they want to know more about how the real estate and leases were valued.
At an investor conference Thursday, CVS Chief Executive Tom Ryan said he believes the deal will get the necessary two-thirds shareholder approval. CVS' tender offer expires Sept. 15, although Ryan noted it can be extended for up to a year. He also said the Longs stores are more valuable to CVS than most other retailers, and not many banks and retailers are looking for sites that size.
