Revco merrier with Hook-SupeRx
This article was originally published in The Tan Sheet
Executive Summary
FTC requests information and documentation "regarding a limited number of markets," the two chains reported on May 19. Revco said it does not expect the request to "hinder or materially delay the transaction," which would create a 2,371-store chain ("The Tan Sheet" April 11, p. 22). According to a recent SEC filing, Revco anticipates closing a number of stores "that could exceed 250 locations" because of "overlapping geographic areas" but does not predict "significant loss of business to the combined operations." Revco also said that stores geographically "outside of the company's strategic focus may be divested"