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Selects Drexel Burnham Lambert to assist in the firm's financial restructuring. Based on a recent meeting between Revco, Drexel, senior preferred stock holders and bank lenders, the drug chain said it "feels confident that such parties will work with Revco and Drexel on the financial restructuring, which is aimed at making the company's debt payment schedules more consistent with the company's cash-generating capacity".
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