The transition has begun.
Rite Aid announced that it has completed the pilot closing and first
subsequent closings as part of its asset purchase agreement with
Walgreens Boots Alliance. Rite Aid executed the transfer of 97 stores
and related assets to Walgreens.
Under the amended agreement,
Walgreens will purchase a total of 1,932 stores, three distribution
centers and related inventory from Rite Aid for an all-cash purchase
price of $4.375 billion on a cash-free, debt-free basis.. . . morehttps://www.chainstoreage.com/finance-0/rite-aid-walgreens-begin-store-transfer-process/