SURPRISE GREETS RITE AID DECISION TO DROP BID FOR REVCO

WASHINGTON (FNS) -- Rite Aid's decision to drop plans to acquire Revco D.S. came as a surprise to many in the supermarket industry. Several pharmacy executives interviewed thought the merger eventually would be approved, even though the Federal Trade Commission was trying to block it. And some still feel it may."I wouldn't be surprised if [Rite Aid] came back in a few months with another plan, one

WASHINGTON (FNS) -- Rite Aid's decision to drop plans to acquire Revco D.S. came as a surprise to many in the supermarket industry. Several pharmacy executives interviewed thought the merger eventually would be approved, even though the Federal Trade Commission was trying to block it. And some still feel it may.

"I wouldn't be surprised if [Rite Aid] came back in a few months with another plan, one in which they wouldn't acquire as many stores," said a pharmacy executive who did not w

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