CORPORATIONS: Dart on the Target

When a homesick G.I. longs for something "as American as the corner drugstore," the odds are five to one that the store he is thinking of is a Rexall store. And the odds are going down. Last week the United-Rexall Drug Inc., biggest in the U.S., floated a new $11,000,000 stock issue. With the proceeds, United will buy the 19-store Renfro chain in Texas (for $1,200,000), will enlarge and remodel the 541 stores it already has as well as some of the 10,000 affiliated Rexall druggists.

What United wants to do with its...