Thursday, April 12, 2007

UPDATE 2-Rite Aid profit falls, sees Coutu deal closing May

(Reuters) - CHICAGO, April 12 - Rite Aid Corp. , the third-largest U.S. drugstore chain, posted a lower quarterly profit on Thursday, weighed down by special charges.

The company also said it expects to complete its acquisition of the Brooks and Eckerd drugstore chains from Canada's Jean Coutu Group Inc. by the end of May, pending final regulatory approval by the Federal Trade Commission and other conditions.


Read more at Reuters.com Bonds News

No comments: