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On October 27, 2015, Walgreens announced the purchase of competitor Rite Aid for $17.2 billion (equivalent to $21.6 billion in 2023). [12] [13] However, that deal was later scrapped due to antitrust concerns in favor of a $5.18 billion deal (equivalent to $6.33 billion in 2023), [12] in which Walgreens only acquired half of Rite Aid locations. [14]
Profitability remains a big question mark, especially in the future, as tech giant Amazon plans to offer same-day delivery for prescriptions in more markets, which could hurt Walgreens' business ...
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Take Walgreens Boots Alliance (NASDAQ: WBA) for example. The pharmacy chain's dividend yields over 11% at its current share price. The pharmacy chain's dividend yields over 11% at its current ...
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