Financial News

New Deal for Walgreens Boots Alliance and Rite Aid

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By: TOM BRANNA

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There’s been a change of plans at Walgreens Boots Alliance. Originally, the leading pharmacy chain was going to acquire its rival, Rite Aid, as reported in Happi, for $17.2 billion. Now, the company will instead buy nearly half of its stores. Under terms of the deal, Walgreens Boots Alliance will purchase 2,186 stores, three distribution centers and related inventory from Rite Aid. The consideration for the transaction will be nearly $5.2 billion in cash, the assumption by Walgreens Boots A...

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