“Shares of Jean Coutu Group Inc. PJCa.TO leaped 15 percent on Thursday morning after the Canadian drugstore operator said it will sell its U.S. Brooks and Eckerd chains to Rite Aid Corp. (RAD.N: Quote, Profile, Research) for about $2.6 billion in cash and shares. Jean Coutu’s stock was up C$1.64 at C$12.59 on the Toronto Stock Exchange.”

From Reuters