A month after the Federal Trade Commission gave Walgreens the go-ahead to acquire half of Rite Aid’s 2,000 stores for $4.38 billion, the chain says it will be closing 600 stores — and most of those will be Rite Aid locations. [More]
Walgreens Boots Alliance
Walgreens Slashes $2B From Value Of Rite Aid Merger; Up To 1,200 Stores To Be Sold Off
By 1.30.17
Last Friday, Jan. 27, was the deadline for the deal to close in the proposed acquisition of drugstore chain Rite Aid by competitor Walgreens. Today, the companies announced a revised deal with an eye to meeting Federal Trade Commission approval. This deal values Rite Aid at over $2 billion less, and proposes the sale of hundreds more stores to another drugstore chain. [More]
Rite-Aid Selling 865 Stores To Fred’s For $950 Million
By 12.20.16
What to do, what to do, when you’re merging and want to be the biggest without being too big? Divest, of course. And that’s where Rite-Aid finds itself today: in order to sell itself to Walgreens and allow their onetime-competitor to become the biggest drugstore chain in the country, it’s ready to shed several hundred stores to build a new third-place competitor. [More]
Report: The FTC Is Probably Cool With The Walgreens-Rite Aid Merger
By 6.10.16
A few months ago, the shareholders of #3 U.S. drugstore chain Rite Aid approved the company’s proposed acquisition by the parent company of the #1 chain, Walgreens Boots Alliance. Now reports indicate that the Federal Trade Commission may give the merger its blessing, as long as certain conditions are met. [More]
Rite Aid Shareholders Vote To Approve $9.4B Merger With Walgreens
By 2.4.16
Walgreens’ path to bring Ride Aid under its wing passed one hurdle on Thursday, as shareholders for the latter chain of drug stores approved a $9.4 billion merger plan. [More]
Walgreens To Buy Rite Aid For $9.4B
By 10.28.15
Just hours after rumors began swirling that a proposal was in the works, Walgreens Boots Alliance – the holding company that owns Walgreens Co. and Boots pharmacies in Europe – officially dropped to one knee offering Rite Aid $9.4 billion to live happily ever drug store after. [More]
Report: Walgreens Boots Alliance Discussing Deal To Buy Rite Aid
By 10.27.15
Walgreens Boots Alliance — the holding company that owns Walgreen Co. and Boots pharmacies in Europe — is reportedly looking to expand its portfolio of drug stores by adding Rite Aid into the mix. [More]
Walgreens Wants To Lure Shoppers With A Makeover For The Makeup Aisle
By 6.11.15
For some, when it comes to buying makeup or beauty products the destination is always the department store, not the drug store. At department stores there are sales associates to help you find the right colors to complement your skin or offer high-end beauty brands. But Walgreens wants to change that, with a revamp of its beauty and cosmetics area. [More]
Walgreens Closing 200 U.S.-Based Stores In Latest Cost-Cutting Measure
By 4.9.15
Walgreens isn’t just doing away with its “Be well” campaign, the drugstore now also plans to shutter 200 of its 8,232 stores in the U.S. over the next two years. [More]
