FTC approves Eckerd sale
This article was originally published in The Tan Sheet
Executive Summary
FTC has completed its review of J.C. Penney's sale of its Eckerd drug store operations to The Jean Coutu Group, and CVS and has granted an early termination of the waiting period under Hart-Scott-Rodino, J.C. Penney announces June 1. The transaction is on track to close by the end of the year, firm adds. J.C. Penney announced the sale in early April (1"The Tan Sheet" April 12, 2004, p. 7)...
You may also be interested in...
Eckerd Drug Chain Split; Canada’s Jean Coutu, CVS Jump At Low Selling Price
The Jean Coutu Group is competitively positioned in the North American retail pharmacy market after its $2.4 bil. acquisition of Eckerd drug stores
Japan Grants Global-First Approval To Zolbetuximab, 15 Other New Drugs
Astellas's first-in class CLDN18.2-targeting antibody receives its first approval worldwide, while crovalimab and a number of drugs for rare diseases also receive nods from regulators and are now awaiting reimbursement price-listing.
Hanmi-OCI Merger Hits Wall As Brothers Win Shareholder Vote, Board Seats
The planned merger of Korea's Hanmi Pharm Group with OCI Group hits a major speed bump as the two sons of Hanmi's founder and other candidates recommended by them secture board seats. But it remains to be seen how the Lim brothers will fulfil their ambitious promises.