Rite Aid Completes Eckerd/Brooks Deal

Rite Aid Corp. on Monday finalized its purchase of 1,854 Eckerd and Brooks drug stores along with six distribution centers from Jean Coutu Group, Longueuil, Quebec.

CAMP HILL, Pa. — Rite Aid Corp. here on Monday finalized its purchase of 1,854 Eckerd and Brooks drug stores along with six distribution centers from Jean Coutu Group, Longueuil, Quebec. The $3.4 billion transaction was announced in August. The stores and distribution centers are located in 18 states, primarily on the East Coast and in the Mid-Atlantic region. Rite Aid said it would convert all stores to the Rite Aid banner over the next 16 months, beginning with a pilot group of 23 Brooks an

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