CAMP HILL, Pa. -- Shareholder advisory firm Proxy Governance Inc., Vienna, Va., is advising Rite Aid shareholders not to support company's plan to purchase more than 1,800 Brooks and Eckerd drug stores from the Jean Coutu Group, Longueuil, Quebec, for $3.5 billion, according to media reports. The firm said the financial and strategic aspects of the proposed deal leave it unconvinced that the merger would benefit Rite Aid's competitive position or shareholder value. If the deal goes through, ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.