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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 stock hit an all-time high of $96.68 back in August 2015, but it has been all downhill since then. Its peak came after it bought the remaining 55% stake in British pharmacy Alliance ...
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