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Phar-Mor/ShopKo merger would create 232 stores in 29 states.

This article was originally published in The Rose Sheet

Executive Summary

PHAR-MOR/SHOPKO MERGER WOULD CREATE 232 STORES IN 29 STATES under an agreement announced Sept. 9. The two drug store chains would operate as independent subsidiaries under a newly formed holding company, Cabot Noble. The holding company will be headed by Phar-Mor Chairman and former Dart Drug heir Robert Haft. The transaction is expected to close in December, the companies said.
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