Walgreens Boots Alliance Inc. agreed to acquire Rite Aid Corp. for $9.42 billion in cash, creating a company with nearly 18,000 stores around the world and further expanding the company’s role in the distribution of medications in the United States.
The deal comes less than a year after Walgreens bought European health and beauty retailer Alliance Boots. Besides its namesake stores, Deerfield, Illinois-based Walgreens also owns Duane Reade stores in the U.S.
19:57 Kraft withdraws offer to merge with Unilever28
12:33 Kraft Heinz to pursue merger despite Unilever rejection19
22:09 Cigna demands Anthem pay $14.8 billion in lawsuit to terminate merger agreement31
07:15 Telefonica to sell up to 40 percent of Telxius to KKR for 1.3 billion euros11