Walgreens no longer buying out Rite Aid Walgreens announced that it is no longer attempting to purchase drugstore chain Rite Aid and instead has decided to buy half of Rite Aid’s stores for nearly $5.1 billion after antitrust concerns were raised by federal regulators. Wallgreens will own 2,186 stores and three distribution centers that belonged…
NEW YORK, NY - SEPTEMBER 30: A Walgreens's store is viewed in Manhattan on September 30, 2014 in New York City. Walgreen Co. said Tuesday a $239 million loss in its fiscal fourth quarter. While much of this loss was due to an expected accounting charge from its Alliance Boots acquisition, the drugstore chain still met Wall Street's expectations. (Photo by Spencer Platt/Getty Images)
Comments (0)