FTC approves Eckerd sale
This article was originally published in The Rose Sheet
Executive Summary
FTC has completed its review of J.C. Penney's sale of its Eckerd drug store operations to The Jean Coutu Group and CVS and has granted an early termination of the waiting period under Hart-Scott-Rodino, J.C. Penney announces June 1. Transaction is still expected to close by the end of the year, firm adds. J.C. Penney announced the sale in early April (1"The Rose Sheet" April 12, 2004, In Brief)...