Rite Aid Corp. of Pennsylvania, responding to Federal Trade Commission concerns

Source

Portland Press Herald

Date

9-3-1994

Pages

3B

Abstract

Rite Aid Corp. of Pennsylvania, responding to Federal Trade Commission concerns about anti-trust violations, has agreed to give up some pharmacy business in Maine and New Hampshire to complete its $50 million acquisition of LaVerdiere's Enterprises Inc. of Waterville. Rite Aid, with 2,500 stores in 23 Eastern states, operates the nation's largest chain of drugstores, registering $3.8 billion in sales in 1993. The sale of LaVerdiere's involves 72 stores in Northern New England, but not the company's Winslow distribution center. Details.

Subjects

Drugstores, LaVerdiere's Super Drug Stores, Rite Aid Corp

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