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Walgreens To Acquire Kerr Drug

To take over specialty drugstores in Southern region.

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By: TOM BRANNA

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Walgreen Co. and Kerr Drug, a privately held regional pharmacy chain in North Carolina, have entered into a definitive agreement under which Walgreens would acquire certain assets of Kerr Drug's retail drugstores and specialty pharmacy business. Financial terms of the agreement were not disclosed at press time. In fiscal year 2012, Kerr Drug's retail drugstores and specialty pharmacy business recorded total sales of $381 million. The acquisition advances Walgreens strategy to deliver...

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