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Eckerd Drug Chain Split; Canada’s Jean Coutu, CVS Jump At Low Selling Price

This article was originally published in The Tan Sheet

Executive Summary

The Jean Coutu Group is competitively positioned in the North American retail pharmacy market after its $2.4 bil. acquisition of Eckerd drug stores

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CVS' acquisition of approximately 700 Albertsons standalone drug stores, including about 331 in Southern California, will provide the company with rapid access to the Los Angeles, Orange County and San Diego markets, the drug chain reported

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