OCR Text |
Show Pay Less buys Osco SALT LAKE CITY The board of directors of the Utah-based American Drug Stores Inc. has agreed to sell 5 1 Osco Drug Stores in Utah, Colorado and Wyoming to Pay Less Drug Stores for $60 million. The purchase will affect 20 stores in Utah, including the Osco Drug Store located at 260 S. Main in Bountiful. As part of the agreement. Pay Less has agreed in principle to retain most Osco employees, according accor-ding to Pay Less spokesman Pete Summerfield. Pay Less Drug Stores, based in Wilsonville, Ore., is a subsidiary of K mart Corp. and has been in business busi-ness for 51 years. |