Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Jean Coutu sells its US pharmacy chains to Rite-Aid for US$3.4 billion

Reading Time 1 minute read Subscribe



The Jean Coutu Group

On August 24, 2006, Rite Aid Corporation and The Jean Coutu Group (PJC) Inc. announced that they had entered into a definitive agreement in which Jean Coutu's Brooks and Eckerd pharmacy chains in the US would be merged into Rite-Aid, in a transaction valued at US$3.4 billion. A team composed of Yvon Martineau, Gilles Leclerc and Marc Novello from Fasken Martineau in Montréal provided Canadian legal advice to Jean Coutu and its US counsel O'Melveny and Myers LLP in this transaction.



    Receive email updates from our team