Walgreens Rite Aid – CWEB.com

14574696381_c0d1b438ae_b (1).jpg

Walgreens Rite Aid – CWEB.com

Walgreens has scrapped its plans to acquire rival drugstore chain Rite Aid and will instead buy nearly half of its target’s stores.

It has ended its takeover pursuit of rival Rite Aid following resistance from U.S. regulators and will instead now buy stores, distribution centers and inventory in a new deal.

Follow us on Google news for more updates and News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer