Revco was on the verge of getting a higher bid.
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Sources familiar with the bidding for the Ohio drugstore chain operator said a management group was planning to sweeten its offer for a leveraged buyout. Wall Street speculation has suggested a price of about $38 a share for the company, or about $1.27 billion. Last March, the group offered $33 a share, an amount that a special panel of outside directors said was too low.
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