1 pct TORONTO Jan 19 Reuters McKesson Corp MCK

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McKesson to buy rights to 400 Uniprix stores Stocks Mergers & Acquisitions Gets first right of refusal to buy independent stores Shoppers Drug Mart shares down 0.4 pct Jean Coutu shares up 2.1 pct TORONTO, Jan 19 (Reuters) - McKesson Corp (MCK.N), a NorthAmerican distributor of pharmaceuticals, said on Monday it willto buy the right to acquire the stores of independent-drugstorechain Uniprix Inc, moving to fend off expansion plans by otherdrugstore chains in the province of Quebec. Terms of the deal were not released, but McKesson, whichspecializes in the distribution of health care systems, medicalsupplies and pharmaceutical products, said in a release thatits Canadian division would acquire the Uniprix banner, whilemember-pharmacists would remain owners of their own stores. Ownership of the Uniprix banner, gives McKesson first rightof refusal to buy independent pharmacies that carry the Unprixbanner if they are approached by a competing pharmacy chain. A McKesson Canada spokeswoman was not immediately availablefor comment. Uniprix Inc is the second-biggest pharmacy chain in Quebecand has 400 stores under the Uniprix, Unipharm and Unicliniquebanners.This is the second major deal by McKesson in the past sixmonths.

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