A drug deal gone bad: Walgreens merger with Rite Aid falls apart

Jun 29, 2017 · Instead, Walgreens agreed to buy 2,186 Rite Aid stores for $5.2 billion. That will essentially cut Rite Aid in half, leaving it with 2,350 stores after the deal is done.

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A Drug Deal Gone Bad: Walgreens Merger With Rite Aid Falls Apart

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Jun 29, 2017 · Instead, Walgreens agreed to buy 2,186 Rite Aid stores for $5.2 billion. That will essentially cut Rite Aid in half, leaving it with 2,350 stores after the deal is done.

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Walgreens Scraps Rite Aid Merger, Will Instead Buy Half Its Stores

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Jun 30, 2017 · Rite Aid's shares plunged about 28 percent to $2.85, while Walgreens shares were up 1 percent at $77.97. Walgreens also ended a related deal to sell as many as 1,200 Rite Aid …

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Walgreens, Rite Aid Scrap Merger, Outline New Deal - Drug Store …

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Jun 29, 2017 · Under the new agreement, Walgreens Boots Alliance will acquire 2,186 of Rite Aids 4,523 locations for a consideration of $5.175 billion in cash.

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Walgreens-Rite Aid Deal: 'Even More Doubt' That Regulators Will OK

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Feb 18, 2016 · Despite Mushkin's doubts, Rite Aid stock has been holding steady in 2016 while Walgreens falls. Rite Aid rose 0.25% to 7.89 on the stock market today. Walgreens slid 2.1% …

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Rite Aid Continues Nose-Dive As Walgreens Takeover Doubts Grow

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Mar 8, 2017 · Walgreens agreed to buy Rite Aid for $9 a share in October 2015. In January, after the merger deal expired, Walgreens cut the price to $6.50-$7 a share depending on how many …

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Walgreens: 'Actively' In Talks With FTC, Rite Aid; Friday Deadline ...

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Jan 26, 2017 · Walgreens and Rite Aid had in October already extended the end date of their merger agreement from Oct. 27, 2016 to Jan. 27 of this year. Walgreens' $9-per-share-in-cash …

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FAQs about A drug deal gone bad: Walgreens merger with Rite Aid falls apart Coupon?

What happened to Walgreens and Rite Aid?

The world's affordable pharmacy is... A $10 billion mega-merger between two of the nation's largest drug stores is no more. Walgreens and Rite Aid announced Thursday that they are no longer combining forces. Not entirely, at least. Instead, Walgreens agreed to buy 2,186 Rite Aid stores for $5.2 billion. ...

How long does it take Rite Aid to merge with Walgreens?

Because there are so many stores in the deal, it could take two to three years for the thousands of Rite Aid stores to become Walgreens stores. So save your Wellness+ card. Walgreens will pay Rite Aid $325 million for canceling the merger. But it expects the store purchases to save it more than $400 million over time. ...

Will Walgreens Buy Rite Aid?

The Rite Aid pharmacies that Walgreens plans to buy will eventually be rebranded as Walgreens stores. That won't happen for a while, though: The deal first needs to gain regulatory approval, and then Walgreens plans to buy up the Rite Aid stores over the course of six months. ...

Why did Rite Aid investors Sue Walgreens?

A spokesperson for Walgreens declined to comment. The Rite Aid investors sued Walgreens and its executives over statements they made about the proposed merger between the two major U.S. pharmacy chains, which was first announced in 2015. The lawsuit accuses Walgreens of downplaying scrutiny from U.S. antitrust regulators starting in October 2016. ...

How many stores did Rite Aid sell to Walgreens?

Instead, Rite Aid sold about 1,900 stores and several distribution centers to Walgreens in a down-sized deal. As it turns out, that transaction included "some of Rite Aid's strongest performing locations," the new CEO of Rite Aid, restructuring veteran Jeffrey Stein, said Sunday in a court filing. ...

Did Walgreens mislead Rite Aid?

REUTERS/Brian Snyder/File Photo Purchase Licensing Rights Oct 19 (Reuters) - Walgreens Boots Alliance (WBA.O) has agreed to pay $192.5 million to settle a class action lawsuit by investors in Rite Aid (RADCQ.PK) who accused Walgreens of misleading them in 2017 about scrutiny of the two drugstore chain operators' then-pending merger. ...