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.
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