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In Brief: Rite Aid/Revco merger

This article was originally published in The Rose Sheet

Executive Summary

Rite Aid/Revco merger: Rite Aid extends the expiration date of its tender offer for Revco to Jan. 16 in order to comply with a request from the Federal Trade Commission for additional information on the transaction. The $1.8 mil. cash plus stock swap transaction, which would expand the largest U.S. drug store chain to 4,500 outlets, was announced Nov. 30 ("The Rose Sheet" Dec. 6, In Brief)...
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