Walgreens Rite Aid – CWEB.com
It was reported that Walgreens is still trying to buy out Rite Aid and is currently in the final stages of negotiating with the Federal Trade Commission. They are planning on buying around 2,000 stores!
CVS has been an industry powerhouse, and this will help Rite Aid/Walgreens remain competitive. Walgreens will become a more powerful competitor for CVS Corp. With the addition of the Rite Aid stores, Walgreens will have about 12,000 locations in the U.S.