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  2. Why Walgreens, CVS and Rite Aid are closing thousands ... - AOL

    www.aol.com/why-walgreens-cvs-rite-aid-110043101...

    Walgreens said Thursday that it plans to close a “significant” number ... And Rite Aid filed for bankruptcy last year and will close up to 500 stores. ... as shoppers buy more of these items ...

  3. How misguided M&A damaged America’s drugstores - AOL

    www.aol.com/finance/inside-cvs-walgreens...

    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 ...

  4. Why your drug store is closing - AOL

    www.aol.com/why-drug-store-closing-090038973.html

    Rite-Aid is closing 500. Walgreens announced Tuesday it plans to close 1,200 stores, meaning 1 in 7 will disappear. ... have become less profitable as shoppers buy more of these items online from ...

  5. Rite Aid - Wikipedia

    en.wikipedia.org/wiki/Rite_Aid

    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]

  6. Walgreens the clear winner of terminated Rite Aid deal - AOL

    www.aol.com/article/finance/2017/06/29/walgreens...

    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 ...

  7. Walgreens Boots Alliance - Wikipedia

    en.wikipedia.org/wiki/Walgreens_Boots_Alliance

    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]

  8. Rite Aid seeks Chapter 11 bankruptcy protection as it deals ...

    www.aol.com/news/major-us-pharmacy-chain-rite...

    Walgreens attempted to buy Rite Aid for about $9.4 billion in a deal announced in 2015. But the larger drugstore chain scaled back its ambition a couple years later and bought only a chunk of Rite ...

  9. CVS, Walgreens and Rite Aid are closing thousands of stores ...

    www.aol.com/finance/why-many-drug-stores-closing...

    CVS, Walgreens and Rite Aid are eliminating some locations as they face rising competition for these items from Amazon, big-box stores with pharmacies like Walmart, and Dollar General in rural areas.