Wednesday 28 October 2015

Walgreens Says will Buy Smaller Drugstore Rival Rite-Aid

Walgreens Says will Buy Smaller Drugstore Rival Rite-Aid

Drugstore chain Walgreens Boots Alliance Inc (WBA.O) said on Tuesday it would acquire smaller peer Rite Aid Corp (RAD.N) for $9.4 billion to widen its footprint in the United States and negotiate for lower drug costs.
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