Wednesday, 28 June, 2017

CVS wants to delay Marsh sale amid new buyer agreement

A Kroger subsidiary made an offer on 11 Marsh stores including this one in Indianapolis at Monday's bankruptcy auction A Kroger subsidiary made an offer on 11 Marsh stores including this one in Indianapolis at Monday's bankruptcy auction
Jeannie Matthews | 15 June, 2017, 02:22

Marsh sold its pharmacy assets to CVS in April, and had agreed not to allow pharmacies in stores that had them for five years.

In the last several months, many stores closed around central IN, which the company said was due to poor performance and increased competition.

Marsh contended that the CVS agreement only barred Marsh itself from operating pharmacies at the locations.

A Kroger subsidiary made an offer on 11 Marsh stores, including this one in Indianapolis, at Monday's bankruptcy auction.

Marsh said in a court filing Tuesday that Topvalco agreed to buy two stores each in Bloomington, Indianapolis, Muncie and Zionsville, and single stores in Brownsburg, Fishers and Greenwood.

Cincinnati-based supermarket powerhouse Kroger will acquire 11 Marsh stores for $16 million, and Fresh Encounter Inc., based in Findlay, OH, will buy 15 Marsh locations for $8 million.

Trump honors Gold Star families at Arlington Cemetery on Memorial Day
Before the remarks, Trump laid a wreath at the Tomb of the Unknown Soldier, touching it for a long moment before stepping away. But they also admitted to some frustration over the confusion in many people's minds about the meaning of Memorial Day .

The stores are located mainly in OH and eastern in, operating at 21 locations.

In court documents, Marsh argues that condition doesn't apply to a business that buys those stores, or in a bankruptcy situation generally.

And the deal with Kroger and Fresh Encounter isn't sealed yet.

CVS requested to halt the sale motion "until a date that is no less than three weeks from June 14" to provide the company time to take a look at all legal issues surrounding their previous agreement with Marsh.

The sales require approval by the bankruptcy court and have to overcome an objection from CVS Health.

Recommended

  • Bayern Munich Prepare Alexis Sanchez Bid, Latest Rumours

    Bayern Munich Prepare Alexis Sanchez Bid, Latest Rumours

    Manchester City have reportedly agreed a deal to sign Arsenal forward Alexis Sanchez during the summer transfer window. Arsenal are reluctant to do business with a Premier League rival, particularly when their best player is involved.
    Ice Cube to Bill Maher: 'Sometimes you sound like a redneck trucker'

    Ice Cube to Bill Maher: 'Sometimes you sound like a redneck trucker'

    Bill Maher , whose use of the n-word sparked controversy last week, apologized on Friday's episode Real Time . Now, I know you heard [it], it's in the lexicon and everybody's talkin, ' but that's our word now.
    Apple introduces

    Apple introduces "Do Not Disturb" feature for drivers

    Others, however - Uber chief among them - still force iPhone users to choose between always or never providing location data. Other handy features include an automatic login to new devices simply by bringing it close to a Mac or other iOS 11 devices.
  • G7 Environmental Summit kicks off on Sunday but USA  leaves early

    G7 Environmental Summit kicks off on Sunday but USA leaves early

    Trump calls the pact unfair to the US , saying it would hurt the economy while doing next to nothing to prevent global warming. But U.S. business leaders in many sectors, including energy, technology and manufacturing, have embraced the treaty.

    Farmers cannot be given loan waivers, says MP Agriculture Minister

    On Tuesday, police had to resort to firing when the protesters turned violent and damaged property and set vehicles on fire. We can not understand how a chief minister did not have the information of such a massive protest brewing.
    US forces join Philippine troops to end city siege

    US forces join Philippine troops to end city siege

    At the moment, no USA soldiers have been deployed but according to reports on site, a US P3 Orion surveillance aircraft has flown over the area.
  • Saudi carrier seeks to poach Qatar Airways crews

    Saudi carrier seeks to poach Qatar Airways crews

    He insisted Qatar's position is not directly to support Hamas as such, but to support the Palestinian people in general. The new flights have increased Iranian air traffic by 17 per cent, the official state news agency has reported .
    Republican candidate charged with assault on reporter wins special Montana election

    Republican candidate charged with assault on reporter wins special Montana election

    Saying he was "not proud" of his behavior, he added, "I should not have responded the way I did, for that I'm sorry". That was before Wednesday's altercation with Ben Jacobs , a political reporter for Britain's The Guardian .

    Wonder Woman is the most tweeted film of 2017 so far

    Her name is Nubia and much the way Diana was formed out of white clay, Nubia was created from black clay. "Recently we've, for some reason, only chosen men to be those universal characters so often".
  • FDA wants opioid painkiller pulled off market

    The agency said it would take formal action to remove the product from market if Endo Pharmaceuticals denies the FDA's request. Endo's shares fell 12.2 percent to US$12.10 in extended trading.
    At WWDC 2017, Apple proved it hasn't forgotten about its pro users

    At WWDC 2017, Apple proved it hasn't forgotten about its pro users

    Having the extra port is vitally important when you're using an external device like a USB-C SSD and the charger simultaneously. The 12-inch MacBook is Apple's thinnest laptop , measuring 0.52 by 11.04 by 7.74 inches (HWD), and weighing 2.03 pounds.

U.S. inflation falls in May on dip in gasoline prices U.S.  inflation falls in May on dip in gasoline prices That has led some retailers, including Macy's M.N , Sears SHLD.O and Abercrombie & Fitch ANF.N to announce shop closures. Over the past 12 months, consumer prices are up 1.9 per cent while core inflation has risen 1.7 per cent.

Chelsea first to face Spurs at new 'home' Chelsea first to face Spurs at new 'home' Champions Chelsea begin against Burnley , while promoted trio Brighton and Hove Albion , Newcastle United and Huddersfield. Brighton, meanwhile, are back in English football's top division for the first time since the 1982-83 season.

US oil production seen thwarting OPEC effort to boost prices US oil production seen thwarting OPEC effort to boost prices The dilemma facing the Saudis is encapsulated by China , the world's largest crude oil importer and the Saudis biggest customer. Benchmark Brent crude settled 43 cents higher at $48.72 a barrel while USA light crude settled up 38 cents to $46.46 a barrel.

Former NBA player Dennis Rodman arrives in North Korea Former NBA player Dennis Rodman arrives in North Korea On his first trip to North Korea, Rodman was accompanied by members of the Harlem Globetrotters and a crew from VICE News. Rodman, who appeared on Trump's reality TV show in 2009 and again in 2013, went on to endorse Trump's candidacy in 2015 .

Rallies Against Islamic Law Draw Counter-Protests Across US Rallies Against Islamic Law Draw Counter-Protests Across US About twice as many counter-protesters marshaled across the street. "We were born in the United States and we're going to stay". Mike Lacey of Harrisburg protested the anti-Sharia march, although he wasn't dressed in black like most other participants.

Israel approves largest West Bank construction in 25 years The Palestinians want these areas - along with the Gaza Strip - for the establishment of a future Palestinian state. Bennett reminded the naysayers that while they may disagree with his conclusion, most Israelis do not.

3 women found dead at Ohio home 3 women found dead at Ohio home Told Pifer, 'They were great kids... and this totally, totally blind-sided us'. That said, police acknowledged they were investigating 'persons of interest '.

Puerto Rico votes to become the 51st state We're aiming to change that and of course, from my perspective, I'd want Puerto Rico to become the 51st state of the nation. But many question the validity of the vote amid a low turnout and a boycott by several opposition parties.

EU's Tusk warns Britain Brexit time tight, risk of no deal The prospect of a hung Parliament would throw serious doubt over Brexit negotiations, due to begin in earnest in just 10 days. "We will have to see whether the negotiation chief will remain the same, how the relevant ministers will look".

Bobbi Brown's ex-partner Nick Gordon arrested on domestic battery charges Bobbi Brown's ex-partner Nick Gordon arrested on domestic battery charges But the medical examiner couldn't determine if she killed herself, if someone else killed her or if her death was accidental. Officials say Nick Gordon was taken into custody in Sanford , Florida , on Saturday.

Check your tickets! Winning Powerball numbers are in Hughes also says she sees more people come in to get tickets 30 minutes before the drawing than any other time. A massive $447.8 million jackpot is up for grabs for the lucky person who picked the winning numbers.

Tottenham's Hugo Lloris concedes late 50-yard howler as Sweden defeats France Tottenham's Hugo Lloris concedes late 50-yard howler as Sweden defeats France He chose to take a touch after receiving the ball back, but his punt forward went straight to former Sunderland man Toivonen. A win at the Friends Arena in Solna would have moved European Championship runners-up France six points clear of Sweden .

All About James Comey Lynch, as the head of the Justice Department, clandestinely met with Bill Clinton in late June 2016 on an airport tarmac. Finding that out, as Comey noted, is now up to the special counsel, Robert Mueller.

Powerball jackpot jumps to $435 million Powerball jackpot jumps to $435 million Telecast live from the Florida Lottery Studios in Tallahassee , the Powerball drawing was for a whopping $380.6 million. You do not need to have the same order as the numbers on the ticket, though the Powerball number is not interchangeable.

Novak Djokovic 'tanked' the last set, says John McEnroe Novak Djokovic 'tanked' the last set, says John McEnroe Wawrinka's lone worrying moment resulted when he nearly turned an ankle near the net in the last game against Cilic. Friday's semi-final will be the fourth meeting between Nadal and Thiem this season, all of which have come on clay.