(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.
19:01 Athletics top prospect Franklin Barreto makes his MLB debut on Saturday9
13:12 The Health 202: McConnell will be a legislative wizard if health care passes25
13:07 The Health 202: Here's what's in the Senate health-care bill22
19:14 George Clooney to sell tequila brand in $1 billion deal27