Walgreens Buys Rite Aid at Buying

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Walgreens Buys Rite Aid. Under the new agreement, walgreens will buy 2,186 stores, three distribution centers and related inventory from rite aid. That will leave rite aid with about 2,600 stores once the deal is finished.

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The wall street journal first reported news of the deal. And instead will buy a smaller piece of the drugstore chain, after the original. Last year walgreens agreed to buy more than 1,900 rite aid stores and three distribution centers for $4.4 billion, a deal that leaves rite aid a much smaller chain operating in eight states.

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Walgreens boots alliance has agreed to acquire rival rite aid for $9.4 billion in a move to boost its u.s. Another bank is bullish on alibaba: Walgreens' stock was down 0.2% to $77.10. Walgreens buys rite aid pharmacy!