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AMERICAN DRUG STORES INC. TO PURCHASE CVS STORES IN SOUTHERN CALIFORNIA

 AMERICAN DRUG STORES INC. TO PURCHASE CVS STORES
 IN SOUTHERN CALIFORNIA
 OAK BROOK, Ill., Dec. 6 /PRNewswire/ -- American Drug Stores Inc. announced today that it has entered into an agreement with the CVS division of the Melville Corp. to purchase 63 drug stores and 22 CVS health and beauty aid stores operated under the Consumer Value Stores ("CVS") tradename. These stores comprise all operating CVS stores in California. The company anticipates the transaction will close in early February. The sale of the stores is subject to obtaining customary governmental consents and approvals, including the satisfactory completion of a Hart-Scott-Rodino filing.
 American Drug Stores is a subsidiary of American Stores Co. (NYSE: ASC) and operates two divisions -- Osco Drug, headquartered in Oak Brook, Ill., which operates 257 drug stores and 225 combination drug stores (with Jewel Food Stores) in 22 states; and Sav-on Drug, headquartered in Anaheim, Calif., which operates 221 drug stores in California, Nevada and Arizona.
 -0- 12/6/91
 /CONTACT: Cal Drecksel (investors) or Troy D'Ambrosio (media), both of American Stores Co., 801-539-0112/
 (ASC) CO: American Stores Co. ST: Illinois IN: REA SU: FNC


DM-CH -- LA012 -- 0123 12/06/91 12:58 EST
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Publication:PR Newswire
Date:Dec 6, 1991
Words:195
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