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November 1, 2017
By: TOM BRANNA
Editor
After several deals fell through during the past two years, Walgreens Boots Alliance Inc. will buy Rite Aid Corp. stores after a last-minute reduction of the number of stores and price. After three failed attempts, the US Federal Trade Commission approved the following deal: Walgreens will buy 1,932 Rite Aid stores for $4.38 billion. That’s about 250 fewer stores than under a previous proposal, which totaled $5.18 billion. After all stores are acquired, they will be converted to the Wa...
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