CORPORATIONS: Dart on the Target

When a homesick G.I. longs for something "as American as the corner drugstore," the odds are five to one that the store he is thinking of is a Rexall store. And the odds are going down. Last week the United-Rexall Drug Inc., biggest in the U.S., floated a new $11,000,000 stock issue. With the proceeds, United will buy the 19-store Renfro chain in Texas (for $1,200,000), will enlarge and remodel the 541 stores it already has as well as some of the 10,000 affiliated Rexall druggists.

What United wants to do with its...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!