Mergers and Acquisitions Recap: FedEx in BRAZIL, Walgreen Buys Drugstore LINE

FedEx (NYSE:FDX) said on Wednesday that it has purchased Rapidão Cometa, which is among the largest transport and logistics firms in Brazil. The buyer is expected to benefit greatly from the fast growth of the country’s middle class.

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US Airways (NYSE:LCC) reports that there is no hurry to complete its merger with the bankrupt American Airlines (AAMRQ.PK), which is likely to postpone its review of a possible deal now that it’s requesting additional time to come up with a stand-alone exit plan. US Airways CEO Doug Parker explained that his company will “respect the bankruptcy process,” and that merger speculation will “continue for at least several more months.”

Walgreen (NYSE:WAG) announces that it will pay $438 million to purchase a regional drugstore chain from the LaFrance family. Stores belonging to the Drug Warehouse, Mays Drug, Med-X, Super D Drug, and USA Drug line will be included in the trasaction.

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