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Deal includes all 257 stores in New York metro area.
February 17, 2010
By: TOM BRANNA
Editor
Walgreen Co. will acquire Duane Reade from affiliates of Oak Hill Capital Partners in a cash transaction for a total enterprise value of $1.075 billion, which includes the assumption of debt, the companies announced today. The transaction includes all 257 Duane Reade stores located in the New York City metropolitan area, as well as the corporate office and two distribution centers. Walgreens anticipates that the transaction will close in its current fiscal year, which ends Aug. 31. Duan...
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