Tuesday, December 13, 2016

Kroger poised to buy Walgreens/Rite Aid stores

Kroger is expected to buy some Walgreens and Rite Aid stores that the chains are selling to get their merger approved.Kroger Co. could be close to wrapping up a deal to buy some of the Walgreens and Rite Aid stores that Walgreens needs to divest when it completes its acquisition of the drug store chain.

The deal involving multiple buyers for nearly 1,000 stores should be finalized by year-end, an attorney told mergers and acquisitions reporting website CTFN.. . . more

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