Friday, October 21, 2016

Walgreens posts strong 4Q earns, but delays Rite Aid deal

Image result for walgreens store
Walgreens Boots Alliance earnings topped $1 billion during the fourth quarter, easily surpassing analyst expectations, but the nation's largest drugstore chain also announced a delay in closing its latest megadeal.

Walgreens said Thursday that it expects to wrap up its $9.4 billion purchase of rival Rite Aid Corp. early next year, rather than by the end of 2016.. . . more

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