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In Brief: Rite Aid/Harco/K&B merger

This article was originally published in The Tan Sheet

Executive Summary

Rite Aid/Harco/K&B merger: Rite Aid completes acquisition of Harco and K&B drug chains, increasing the number of operating Rite Aid stores to 3,963, the Harrisburg, Penn.-based chain announces. Harco and K&B operated 146 and 186 stores, respectively, across the southern U.S. at the time of the merger. Rite Aid now is active in 31 states, with expected annual revenues of $11.9 bil. The merger was announced in late July ("The Tan Sheet" July 28, p. 5)...

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