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CVS Buy Of 700 Albertsons Stores Reinforces Frontrunner Position

This article was originally published in The Tan Sheet

Executive Summary

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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CVS/Albertsons deal

The Hart-Scott-Rodino waiting period for CVS's acquisition of some 700 stand-alone Sav-on and Osco Drugstores has expired without a request for additional information by FTC, CVS announces March 14. "No divestiture of retail stores or other assets was required and the FTC imposed no conditions or restrictions on the transaction," Albertsons states in a same-day release. The acquisition will provide CVS with "an immediate critical mass of stores" in Southern California, CEO Tom Ryan noted (1"The Tan Sheet" Jan. 30, 2006, p. 12)...

CVS/Albertsons deal

The Hart-Scott-Rodino waiting period for CVS's acquisition of some 700 stand-alone Sav-on and Osco Drugstores has expired without a request for additional information by FTC, CVS announces March 14. "No divestiture of retail stores or other assets was required and the FTC imposed no conditions or restrictions on the transaction," Albertsons states in a same-day release. The acquisition will provide CVS with "an immediate critical mass of stores" in Southern California, CEO Tom Ryan noted (1"The Tan Sheet" Jan. 30, 2006, p. 12)...

CVS/Albertsons deal

The Hart-Scott-Rodino waiting period for CVS's acquisition of some 700 stand-alone Sav-on and Osco Drugstores has expired without a request for additional information by FTC, CVS announces March 14. "No divestiture of retail stores or other assets was required and the FTC imposed no conditions or restrictions on the transaction," Albertsons states in a same-day release. The acquisition will provide CVS with "an immediate critical mass of stores" in Southern California, CEO Tom Ryan noted (1"The Tan Sheet" Jan. 30, 2006, p. 12)...

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