In Brief: Eckerd acquisition
This article was originally published in The Tan Sheet
Executive Summary
Eckerd acquisition: J.C. Penney reports Nov. 22 that the waiting period for acquisition of Eckerd Corp. by Penney's Thrift subsidiary has expired and will not be extended. J.C. Penney announced Nov. 3 its offer of cash for approximately 35.3 mil. Eckerd shares; the offer expires at midnight on Dec. 6 ("The Tan Sheet" Nov. 11, p. 28)...