The speculation about the future of Rexall drugstores in Canada is hot. Four months after the Globe and Mail pondered the prospects for takeover of the Canadian owned chain, the Financial Post is doing the same. Quoting an analyst, the Post says Empire Co Ltd., owners of Sobey’s, might be a buyer. This may make sense in light of Loblaws ownership of Shoppers Drug Mart. But the Post also suggests there is a chance both Loblaws and Jean Coutu might try for Rexall. That possibility would surely set up a lively anti-competition review since both firms already own a lot of drugstores. Rexall boss Schreiber seen as agent of possible takeover
