
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, June 27, 1990                   TAG: 9006270365
SECTION: BUSINESS                    PAGE: A5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS-BRIEFLY . . .

Melville Corp. of Rye, N.Y., owner of a chain of 811 CVS drugstores, has agreed to pay $330 million for Peoples Drug Stores Inc. of Alexandria. Peoples, owned by Imasco Ltd. of Montreal, Canada, operates 490 stores in Virginia, four other mid-Atlantic states and the District of Columbia. The purchase would create the nation's fifth largest drugstore chain.

\ Pentastar Transportation Group, a Chrysler Corp. subsidiary, has agreed to buy Dollar Rent A Car Systems, fifth-largest car rental business in the country. The purchase may increase the makes of cars the company can get at preferred prices, said Carlos Hart of Hart Oldsmobile, owner of the Roanoke franchise. Pentastar also owns Thrifty car rental in Roanoke, and Snappy, a similar business.

\ Georgia-Pacific Corp. said it has completed the acquisition of Great Northern Nekoosa Corp. and $4 billion bank financing of the transaction. The company has a distribution center in Roanoke and a containerboard mill at Big Island.

\ Sipos Marketing Services, a Salem-based advertising, public relations and marketing research company, has opened a second office, in Bluefield, W.Va. Terri Link Kammer, former marketing director of the N&W Federal Credit Union in Roanoke, will be manager and account executive in the new office.

\ The folks at Life Savers have pulled a new product out of the air. They announced plans Tuesday for nationwide marketing of Life Savers Holes. The pellet candies will be sold beginning in mid-November in plastic packages that look like rolls of Life Savers but with a flip top.

by CNB