Walgreens has finally confirmed media reports and announced the acquisition of arch rival Rite Aid, in a deal worth $17.2 billion including debt
After months of speculation and rumors, Walgreens Boots Alliance Inc. (NASDAQ:WBA) has finally announced that it is acquiring its smaller competitor, Rite Aid Corporation (NYSE:RAD). Walgreens has offered to buy its counterpart for $9.4 billion to further broaden its footprint.
20:44 Trump is trying to take credit for a jobs announcement Charter made months ago20
12:52 Sears reveals 'substantial' doubts about future, shares plunge 11%21
12:34 Sears warns of 'going concern' doubts16
22:29 Usual suspects at the top of Forbes list of world’s richest billionaires31