Thrifty to Acquire PayLess Drug Stores here is set to buy the Wilsonville, Ore.-based PayLess Drug Stores chain from Kmart, Troy, Mich., for $1 billion in cash and securities. The combination of 572-store PayLess and Thrifty, with 494 stores, would create the second-largest drug store chain after Walgreen's. Combined sales of the two chains in 1992 totaled $5.9 billion. Thrifty is controlled by Leonard Green & Partners, an investment firm. Stop & Shop Adds Superstores BOSTON -- ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.