RITE-AID IN TALKS TO PURCHASE 'A FEW DOZEN' RED APPLE UNITS

NEW YORK -- Rite-Aid Corp., a chain drug-store operator based in Camp Hill, Pa., said last week it expects to acquire "a few dozen" supermarket locations from Red Apple Co. here.Franklin Brown, general counsel for Rite-Aid, said the exact number of units Rite-Aid is buying is still under negotiation, but he said he expects the final deal to involve "a few dozen" stores.Red Apple operates 63 supermarkets

NEW YORK -- Rite-Aid Corp., a chain drug-store operator based in Camp Hill, Pa., said last week it expects to acquire "a few dozen" supermarket locations from Red Apple Co. here.

Franklin Brown, general counsel for Rite-Aid, said the exact number of units Rite-Aid is buying is still under negotiation, but he said he expects the final deal to involve "a few dozen" stores.

Red Apple operates 63 supermarkets under the Sloan's and Gristede's banners in the New York metropolitan ar

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