Walgreens Boots Alliance near deal to buy Rite Aid – WSJ

Walgreens Boots Alliance near deal to buy Rite Aid – WSJ

rite-aidOct 27 (Reuters) – Drugstore operator Walgreens Boots Alliance Inc is in advanced talks to buy smaller rival Rite Aid Corp, the Wall Street Journal reported, citing people familiar with the matter.

A deal is expected to be announced by Wednesday, the newspaper said. (Walgreens, Rite Aid Unite to Create Drugstore Giant )

Rite Aid’s shares were up 42 percent at $8.58. Walgreen’s shares were up 4.2 percent at $93.46.

 Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s