Walgreens Boots to buy Rite Aid in $17.2 billion deal

(Reuters) – Walgreens Boots Alliance Inc said it agreed to buy rival Rite Aid Corp in a deal valued at about $17.2 billion. Walgreens said on Tuesday it offered $9 per share for Rite Aid, a premium of 48 percent to the stock’s Monday close. (Reporting by Ramkumar Iyer in Bengaluru; Editing by Kirti Pandey)

View post:
Walgreens Boots to buy Rite Aid in $17.2 billion deal