Eckerd
This article was originally published in The Tan Sheet
Executive Summary
Acquiring the drug store operations of Drug-Sav Discount Drug Stores, a 13-unit chain based in Tyler, Tex. As part of the deal, Eckerd will acquire three Drug-Sav leased locations that will be operated as Eckerd stores and the inventory and prescription files from an additional 10 Drug-Sav locations; those 10 Drug-Sav stores will then be closed. Eckerd currently operates 481 retail drug stores in Texas and, overall, 1,714 stores in 13 states. Terms of the agreement were not disclosed