Tuesday, August 03, 2004

From GlobeSt.com:
Canadian Firm Picks Up 1,549 Drug Stores
The locally based international drugstore chain the Jean Coutu Group Inc. has completed the acquisition of approximately 1,549 Eckerd drugstores and support facilities in the Eastern US for about $2.5 billion (including $112 million in closing costs). The seller was JCPenney Co. Inc., which concurrently closed on the sale of another 1,260 Eckerd stores to CVS Corp. for $2.1 billion.

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