Thursday, April 12, 2007

UPDATE 1-Rite Aid to buy Brooks, Eckerd by end of May

(Reuters) - Rite Aid, the third-largest U.S. drugstore chain, also said it had reached an agreement with FTC staff to divest 24 stores. That pact is subject to the FTC commissioners' approval, which Rite Aid said it expected to obtain.

The attorneys general of several states are also reviewing the deal, and that process is going smoothly, the retailer said.


Read more at Reuters.com Government Filings News

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