AMERICAN STORES CO. ANNOUNCES PURCHASE
AMERICAN STORES CO. ANNOUNCES PURCHASE SALT LAKE CITY, Nov. 11 /PRNewswire/ -- American Stores Co.
(NYSE: ASC) announced that its wholly owned subsidiary, American Drug Stores Inc., has agreed to purchase the inventories, fixtures and prescription files for 38 Rx Plus drug stores in Arizona. Additionally, the company stated it would assume the leases on 18 of those locations.
The transaction is anticipated to close by the end of the calendar year. -0- 11/11/92 /CONTACT: Cal Drecksel (investors), or Meredith Anderson (media), 801-539-0112, of American Stores/ (ASC) CO: American Stores Co.; American Drug Stores Inc.; Rx Plus ST: Utah, Arizona IN: REA SU: TNM RLE
JB-LS -- LA030 -- 9907 11/11/92 17:21 EST
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|Date:||Nov 11, 1992|
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