CVS/Albertsons deal
This article was originally published in The Tan Sheet
Executive Summary
The Hart-Scott-Rodino waiting period for CVS's acquisition of some 700 stand-alone Sav-on and Osco Drugstores has expired without a request for additional information by FTC, CVS announces March 14. "No divestiture of retail stores or other assets was required and the FTC imposed no conditions or restrictions on the transaction," Albertsons states in a same-day release. The acquisition will provide CVS with "an immediate critical mass of stores" in Southern California, CEO Tom Ryan noted (1"The Tan Sheet" Jan. 30, 2006, p. 12)...
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The Hart-Scott-Rodino waiting period for CVS's acquisition of some 700 stand-alone Sav-on and Osco Drugstores has expired without a request for additional information by FTC, CVS announces March 14. "No divestiture of retail stores or other assets was required and the FTC imposed no conditions or restrictions on the transaction," Albertsons states in a same-day release. The acquisition will provide CVS with "an immediate critical mass of stores" in Southern California, CEO Tom Ryan noted (1 (Also see "CVS Buy Of 700 Albertsons Stores Reinforces Frontrunner Position" - Pink Sheet, 30 Jan, 2006.), p. 12).... |