Walgreens Boots Alliance Inc. (WBA) announced on September 7, 2017 that it had agreed to purchase Rite Aid Corporation (RAD) for $3.9 billion.
The purchase is expected to close in the third quarter of 2017. The combined company is expected to have around 2,500 stores and $24 billion in annual revenue.
The move has been met with some criticism from Rite Aid employees, with many fearing that their jobs will be eliminated as a result of the merger. Others have raised concerns about the impact the merger will have on prices and the availability of prescription drugs.
However, analysts believe that the combined company will be able to offer a wider range of services and products, and that the merged company will be able to compete more effectively with larger rivals.
The conclusion of this article is that the Walgreens Boots Alliance Inc. (WBA) has agreed to purchase Rite Aid Corporation (RAD) for $3.
The purchase is expected to close in the third quarter of 2017, and employees are concerned about the impact the merger may have on their jobs. However, analysts believe that the combined company will be able to offer a wider range of services and products, and that the merged company will be able to compete more effectively with larger rivals.
