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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]
Walgreens planned to keep the Rite Aid name on existing stores if the deal went through, though the company's long-term plans for the Rite Aid name were unknown. [41] Most analysts expected that the merger would close by the end of 2016; it was initially delayed by regulatory review. [42]
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. Walgreens the clear winner of terminated Rite Aid deal ...
Alamy By Greg Roumeliotis and Lauren Hirsch NEW YORK -- Drugstore chain Walgreens Boots Alliance said Tuesday it would acquire smaller peer Rite Aid for $17.2 billion including acquired debt.
The pharmacy chains have discovered that taking a larger role in the healthcare system than simply dispensing prescriptions and selling over-the-counter notions is more complicated and costlier ...
During a grace period, the company’s stock continues to be listed and traded. Walgreens attempted to buy Rite Aid for about $9.4 billion in a deal announced in 2015. But the larger drugstore ...
Many of those soon-to-be-closed locations are presumably part of the 1,932 Rite Aid stores Walgreens bought in 2018 in a $5.2 billion consolation prize deal after failing to buy its smaller rival ...
Walgreens and Rite Aid on Thursday said they scrapped their $17.2 billion merger, following scrutiny from US antitrust regulators. Fred's crashes after its plan to buy nearly 1,000 Rite Aid stores ...