Call Us: (619) 298-7772

Walgreens To Buy Rite Aid for $9.4 Billion

10/28/2015 – Walgreens said on Tuesday that it will buy rival Rite Aid in a $9.4 billion deal that would whittle the nation’s one-time mom-and-pop drug-store industry into two massive chains. The deal would combine the second and third largest drug-store operators, and if it gets regulatory approval intensify the already fierce competition between Walgreens and CVS Health. Read more…