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In January 2017, Rite Aid and Walgreens further delayed the merger's closing to July, and reduced the sale price to approximately $6.8 billion. [44] 1199SEIU United Healthcare Workers East, a labor union representing 6,000 Rite Aid employees, announced its opposition to the merger on January 31. [45]
After butting heads with antitrust regulators over a full buyout, Walgreens agreed to a new deal to acquire 2,186 stores for $5.175 billion.
[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] On September 19, 2017, the Federal Trade Commission approved a fourth deal agreement to purchase 1,932 Rite Aid stores for $4.38 ...
Pages in category "2017 mergers and acquisitions" The following 200 pages are in this category, out of approximately 430 total. This list may not reflect recent changes.
The deal filed in Pennsylvania federal court on Wednesday is subject to approval by District Judge Jennifer Wilson. David Knotts, an attorney for the shareholders, said the case was "intensely ...
Brace yourself. Rite Aid Corporation (NYSE:RAD) is on the move. The national pharmacy chain's stock price has spiked nearly 8%, following the news that the company has entered into a definitive ...
On December 21, 2016, it was announced that Fred's would acquire 865 stores as a result of the Walgreens Boots Alliance/Rite Aid merger expected to close in 2017 for the price of US$950 Million. The acquisition would have more than doubled the number of stores Fred's operated. [5]
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