Walgreens to Buy Rite Aid in $17.2B Deal

October 28, 2015 9:19 AM

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(DEERFIELD, Ill.) — Walgreens Boots Alliance, Inc. announced on Tuesday it has entered a definitive agreement to buy Rite Aid in a deal valued at approximately $17.2 billion, including debt.

Under the terms of the deal, Rite Aid shareholders will receive $9 per share in cash — a premium of 48 percent to the closing stock price on Monday, the day before the agreement was signed.

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