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10/28/2015 05:33 PM ID: 101194 Permalink   

Walgreens Buys Rite Aid in $17.2 Billion Deal

 

Walgreens just sealed a deal to buy its smaller rival Rite Aid for more than $17 billion. Both drug store chains announced the merger on Tuesday.

"The combination of Walgreens and Rite Aid creates a further opportunity to deliver a high-quality retail pharmacy choice for U.S. consumers in an evolving and increasingly personalized healthcare environment," Walgreens said in a statement.

Rite Aid will initially keep the Rite Aid brand name on stores before being folded into the Walgreens brand.

 
  Source: www.upi.com  
    WebReporter: edie Show Calling Card      
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And Rite Aid had purchased Eckerd Drugs a few years ago. Ir´s just Wall Street ball juggling. Someday all the balls will fall to the ground.
 
  by: Lurker     10/28/2015 07:07 PM     
   
   
  by: Lurker     10/28/2015 07:09 PM     
 
 
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