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Big B "exploring alternatives" to Revco buyout, including other suitors.

This article was originally published in The Tan Sheet

Executive Summary

BIG B "EXPLORING ALTERNATIVES" AFTER SPURNING REVCO ACQUISITION OFFER, the Birmingham, Ala. drug-store chain stated Sept. 23. The company's board "concluded that the interest of Big B's shareholders would best be served if Big B were to actively explore alternatives to maximizing shareholder value." Big B is hoping to attract a better offer than the $15 per share tendered by Revco ("The Tan Sheet" Sept. 16, p. 14).

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