Food Industry
Industry: Email Alert RSS FeedFTC gives green light
MMR, June 28, 2004
FTC GIVES GREEN LIGHT: The Federal Trade Commission (FTC) has approved J.C. Penney Co.'s sale of its Eckerd drug store unit to CVS Corp. and the Jean Coutu Group. The FTC granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Penney expects the transaction to close by the end of its second fiscal quarter.
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