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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.
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]
[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 .
Lighter Side. Medicare. News
Ultimately, in 2017, the companies agreed to a smaller, $4.4 billion deal, in which Walgreens bought just under 2,000 Rite Aid locations, leaving Rite Aid diminished in stature and unable to ...
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 ...
Rite Aid, San Ramon, CA: Date: 3 March 2017, 04:22:04 ... Camera location: View this and other nearby images on : OpenStreetMap: Licensing. I, the copyright holder of ...