FTC approves Eckerd sale
This article was originally published in The Tan Sheet
Executive Summary
FTC has completed its review of J.C. Penney's sale of its Eckerd drug store operations to The Jean Coutu Group, and CVS and has granted an early termination of the waiting period under Hart-Scott-Rodino, J.C. Penney announces June 1. The transaction is on track to close by the end of the year, firm adds. J.C. Penney announced the sale in early April (1"The Tan Sheet" April 12, 2004, p. 7)...