Thursday, April 6, 2017

Investors breathe life into Walgreen-Rite Aid merger

Image result for walgreens and rite aidThere could be help on the horizon for the challenged $9.7 billion tie-up between Walgreen and Rite Aid, The Post has learned.

More than one prominent investor has recently approached Fred’s Inc. about investing money in the regional drugstore chain — a cash infusion that would help it digest the 865 Rite Aid stores being spun off so the mega-merger clears an antitrust review.. . . more

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