Rite Aid confirmed the purchase of Eckerd and Brooks drug store chains from Jean Coutu Group for $2.55 billion and assume debt of $850 million. the combned company will be the third largest drug store chain only to trail CVS and walgreen. The fast consolidating drug store industry has come to be dominated by two battling leaders CVS and Walgreen and discount stores such as Wal-Mart and Costco.
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