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Article: Pittsburgh Post-Gazette Business Briefs Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 20, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. 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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Pittsburgh Post-Gazette Knight Ridder/Tribune Business News
Jul. 20--JUDGE OKS BID FOR PHAR-MOR: A federal bankruptcy judge has approved the $142 million bid for the assets of the Phar-Mor discount drugstore chain, paving the way for going-out-of-business sales at the company's 73 stores. Youngstown-based Phar-Mor, which filed for Chapter 11 bankruptcy protection in September, had been trying to reorganize and stay in business, but last month decided to liquidate instead. The winning bid was made by two liquidation companies, and plus the O'Hara-based Giant Eagle and CVS drugstore chains, which essentially are divvying up customer prescription lists.
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