Thrifty Corp., a unit of Pacific Enterprises,...
Thrifty Corp., a unit of Pacific Enterprises, has completed its previously announced acquisition of 110 Pay ‘n Save drugstores and 37 Bi-Mart stores in the Pacific Northwest. Thrifty acquired the stores and their operating liabilities from subsidiaries of Pay ‘n Save Inc., Seattle, for 5.2 million shares of Pacific Enterprises common stock. The stock has a value of $249 million. Additional cash payments will be made if the stores being acquired achieve record earnings over the next five years.
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