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| | USATODAY.com - Rite Aid to buy Brooks, Eckerd (Site not responding. Last check: 2007-11-02) |
 | | Rite Aid (RAD), the No. 3 drugstore chain, said Thursday that it'll buy the Brooks and Eckerd chains to speed its growth and better compete with CVS (CVS) and Walgreen (WAG). |
 | | Rite Aid, on the verge of bankruptcy in 1999 after an ambitious expansion, then an accounting scandal, says the deal will strengthen its ability to win concessions from suppliers. |
 | | Rite Aid CEO Mary Sammons, in a call with industry analysts, said the deal will also help Rite Aid take advantage of the industry's expected growth from more people taking more prescriptions, high profit margins on generic drugs and the new Medicare prescription plan. |
| www.usatoday.com /money/industries/retail/2006-08-24-rite-aid-eckerd_x.htm (461 words) |
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