Walgreens Boots Alliance to Buy Rite Aid for $17.2 Billion

October 27, 2015 9:24 PM

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Walgreens Boots Alliance Inc. agreed to acquire Rite Aid Corp. for $9.42 billion in cash in a transaction to further expand the company’s role in the distribution of medications in the U.S.

The transaction will add to Walgreens’ earnings after the deal has been complete for a full year, the companies said Tuesday in a statement. Including debt, the deal is valued at $17.2 billion, they said.

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