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BAIN CAPITAL TO ACQUIRE DUANE READE

 BAIN CAPITAL TO ACQUIRE DUANE READE
 NEW YORK, June 25 /PRNewswire/ -- Duane Reade, New York City's


largest drug store chain, announced today that it and its current owners have signed definitive agreements with an investor group led by Bain Capital pursuant to which certain Duane Reade partners will retire from the partnership, with a new corporation to be controlled by Bain Capital acquiring ownership of entities owning all the remaining interests in Duane Reade.
 The closing of the transactions contemplated by the definitive agreements is subject to customary closing conditions, including the receipt by Bain of certain financing and government approvals necessary to consummate the transactions. The closing is expected to occur on or around Aug. 31, 1992.
 -0- 6/25/92
 /CONTACT: Mickey Mandelbaum of Kekst and Company, 212-593-2655, for Duane Reade/ CO: Duane Reade; Bain Capital ST: New York IN: REA SU: TNM


PS -- NY064 -- 3895 06/25/92 15:20 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 25, 1992
Words:154
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