Tuesday, September 19, 2017

Walgreens' $4.38 billion Rite Aid buy wins FTC approval

Image result for rite aid and walgreensIn its fourth attempt, Walgreens Boots Alliance Inc. clinched regulatory approval for a deal to buy Rite Aid Corp. stores after a last-minute reduction of the number of stores and price.

The drugstore chain said Tuesday it secured clearance for a revised deal under which it will buy 1,932 Rite Aid stores for $4.38 billion. That's about 250 fewer stores than under a previous proposal, which totaled $5.18 billion.. . . more

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