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Alliance will purchase half of its stores plus centers and inventory.
June 29, 2017
By: Melissa Meisel
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. The new definitive agreement with Rite Aid Corporation states that Walgreens Boots Alliance will purchase 2,186 stores, three distribution centers and related inventory from Rite Aid. The consideration for the transaction will be $5.175 billion in cash,...
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