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Big Merger in Pharmacy Channel

Walgreens Boots to acquire Rite-Aid in $17 billion merger.

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By: Christine Esposito

Editor-in-Chief

Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid, the US retail pharmacy chain, for $9.00 per share in cash, for a total enterprise value of approximately $17.2 billion, including acquired net debt.   Walgreens Boots Alliance is highly focused on building a differentiated in-store experience for health, wellness and beauty, and this combination will help accelerate Rite Aid’s own efforts toward that end, the companies said in a press announcement. Once the acquisition clo...

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