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From KYphotoarchive.com: Do you remember the takeover battle for Begley drugstore?

Red McDaniel and Paul Fletcher, employees of Smithers Sign Co., put up a new Rite Aid Pharmacy sign on April 28, 1988, at the former Begley drugstore in Imperial Shopping Center on Waller Avenue in Lexington.
Red McDaniel and Paul Fletcher, employees of Smithers Sign Co., put up a new Rite Aid Pharmacy sign on April 28, 1988, at the former Begley drugstore in Imperial Shopping Center on Waller Avenue in Lexington. staff

In April, 1988, Rite Aid, then the nation’s largest drugstore company, bought Richmond-based Begley’s for $18.5 million. It won a nine-week takeover battle against SupeRx of Arizona, Georgia and Alabama Corp. Begley had 43 drugstores in Kentucky and 140 dry-cleaning outlets in 10 states under the name Big B One Hour Cleaners. The Begley Co. once employed 1,400 people.

See more on our historical photo blog, KYphotoarchive.com. Our vault of images on the blog is updated daily, showcasing nearly a century of Lexington and Kentucky history.

This story was originally published June 15, 2015 at 2:04 PM with the headline "From KYphotoarchive.com: Do you remember the takeover battle for Begley drugstore?."

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