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Canadian regulator approves McKesson, Rexall deal

The Competition Bureau of Canada allowed McKesson Corp. to proceed with its acquisition of Rexall Health.

The company plans to close the transaction as soon as possible, subject to certain closing conditions.

The regulator identified 26 local markets where McKesson is required to divest Rexall stores to new owners. The company does not expect any store closures as a result of the divestitures.