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Eckerd deal closes

This article was originally published in The Tan Sheet

Executive Summary

J.C. Penney closes the $4.5 bil. sale of Eckerd drugstore chain July 31, completing deal announced in April (1"The Tan Sheet" April 12, 2004, p. 7). Jean Coutu Group picks up stores and facilities in 13 states in the Northeast. CVS acquires Florida and Texas stores, as well as Eckerd's pharmacy benefits management and mail order businesses...
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