Walgreens Boots Alliance To Acquire Rite Aid for $9.4B
On Tuesday, Walgreens Boots Alliance said it has agreed to purchase Rite Aid for roughly $9.4 billion. Under the agreement, Walgreens would pay $9 in cash per share of Rite Aid. The price is 48% higher than Rite Aid's closing share price on Monday.
- "Walgreens Says Will Buy Smaller Drugstore Rival Rite-Aid" (Pierson et al., Reuters, 10/28).
- "Walgreens, Rite Aid Unite To Create Drugstore Giant" (Mattioli et al., Wall Street Journal, 10/27).