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Article: AMERICAN STORES CO. ANNOUNCES AGREEMENT BETWEEN AMERICAN DRUG STORES INC. AND RELIABLE DRUG STORES
- Article from:
- PR Newswire
- Article date:
- May 27, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SALT LAKE CITY, May 27 /PRNewswire/ -- American Stores Co. (NYSE: ASC) announced that its wholly owned subsidiary, American Drug Stores Inc., has agreed to purchase the inventories, fixtures, and prescription files for 110 Reliable Drug stores located in Illinois, Indiana, Iowa, Kansas, and Missouri. Additionally, the company stated it would assume the leases on 51 of those 110 locations, which the company believes will enhance its business operations in several of its existing markets.
Reliable Drug Stores filed a ...