(Reuters) - WASHINGTON, June 4 - Rite Aid Corp. said on Monday it had completed its acquisition of the Brooks and Eckerd drugstore chains in the United States after U.S. antitrust authorities said they had reached an agreement clearing the way for the deal. The acquisition of 1,854 Brooks and Eckerd stores from Jean Coutu Group Inc. was finalized shortly after the Federal Trade Commission announced the companies had alleviated antitrust concerns by agreeing to sell 23 pharmacies in markets around the United States.
"With a much larger Rite Aid, we're confident we will have substantial opportunities to reduce costs, improve operations and grow earnings per share, which will generate greater value for our shareholders." Rite Aid President and Chief Executive Mary Sammons said in a statement.
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"With a much larger Rite Aid, we're confident we will have substantial opportunities to reduce costs, improve operations and grow earnings per share, which will generate greater value for our shareholders." Rite Aid President and Chief Executive Mary Sammons said in a statement.
Read more at Reuters.com Government Filings News
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