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Revco Fights For Its Freedom


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REVCO FIGHTS FOR ITS FREEDOM

Revco Chairman Boake Sells isn't giving up quietly on his hopes to keep his drugstore chain, now in Chapter 11, independent. While most of Revco's creditors have agreed to a bid from rival Jack Eckerd (BW--Jan. 27), Sells has returned to court with a revised recovery plan. He says his will give creditors as much or more than Eckerd's and will end the bankruptcy faster. Whether creditors will bite isn't clear, since they only learned of the plan when Revco filed it on Jan. 22. Eckerd says the company is "confident" its plan will fly.EDITED BY DEIDRE A. DEPKE


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