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Canadian drug store operator

McKesson to acquire Rexall for $1.9 billion

McKesson to acquire Rexall for $1.9 billion

TORONTO — McKesson Corp. plans to acquire Canadian drug store operator Rexall Health from Katz Group for $1.9 billion ($3 billion Canadian). McKesson and Katz Group said Wednesday that the deal will strengthen McKesson’s position in Canada’s pharmaceutical supply chain and is described as a natural step for two companies that have worked together for