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Article: Rite Aid and the Jean Coutu Group Receive Request for Additional Information from the Federal Trade Commission as it Reviews the Brooks Eckerd Transaction
- Article from:
- CCNMatthews Newswire
- Article date:
- October 19, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CAMP HILL, PENNSYLVANIA AND LONGUEUIL, QUEBEC--(CCNMatthews - Oct.
19, 2006) - Rite Aid Corporation (NYSE:RAD) (PCX:RAD) and The Jean
Coutu Group (PJC) Inc.(TSX:PJC.A) announced today that as expected
each has received a request for additional information from the
Federal Trade Commission (FTC) in connection with Rite Aid's pending
acquisition of The Jean Coutu Group (PJC) USA Inc., which includes
approximately 1,858 Brooks and Eckerd drugstores. The Jean Coutu
Group (PJC) USA is a wholly owned subsidiary of The Jean Coutu Group
(PJC) Inc.
Rite Aid and The Jean Coutu Group intend to respond promptly to
the FTC request and cooperate fully with the FTC in its review of the
acquisition ...